Grayscale's ETF chief is bullish that regulators will eventually have to approve exchange-traded funds based on cryptocurrencies other than bitcoin and ether.
"I think 100%," he said. "The path to digital asset ETFs happened to be through this regulated market on the futures side, but as the digital asset market holistically continues to expand and to mature, I mean, we've already proven that we can do it with Bitcoin we're having a really fruitful conversation around Ethereum."
Grayscale's GBTC fund, which was converted to a spot Bitcoin ETF, began trading in January and, despite billions of dollars in outflows, is still the largest on the market. While many in the industry expect applications for spot ether ETFs to be denied next month, there has been a growing consensus that the Securities and Exchange Commission will eventually approve the Ethereum-based investment vehicles.
The consensus among the roundtable appeared to be that allowing investors to wager on digital assets like bitcoin through ETFs rather than requiring them to buy it themselves has triggered increased interest and exposure.
Source: Digital Coin News (digitalcoinnews.net)
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »