The Rise of Crypto ETFs: Industry Leaders Forecast Expanded Investment Opportunities
David LaValle, Grayscale’s global head of ETFs, is bullish on the eventual approval of exchange-traded funds (ETFs) based on cryptocurrencies beyond bitcoin and ether.
Speaking at a roundtable discussion hosted by the New York Stock Exchange, LaValle anticipates that as the digital asset market continues to expand and mature, regulators will increasingly consider approving ETFs tied to other cryptocurrencies. Industry experts like Matt Hougan of Bitwise Asset Management and Simeon Hyman of ProShares echo his sentiment, viewing the ETF era for crypto as an opportunity to offer investors safer and more accessible ways to invest in digital assets.
The consensus among participants is that ETFs offer investors a convenient avenue to gain exposure to digital assets like bitcoin, driving increased interest and adoption in the market. As the success of bitcoin ETFs translates into more advisors considering adding bitcoin to their clients’ portfolios, the conversation around digital asset investing is evolving, with ETFs playing a central role in democratizing access to this emerging asset class.
Clever Robot News Desk 19th April 2024
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