Crypto index ETFs will be the next wave of adoption — WisdomTree exec
WisdomTree’s Will Peck said that crypto index ETFs will solve the need for those who don’t want to take on “idiosyncratic risk.”
WisdomTree’s head of digital assets, Will Peck, anticipates that exchange-traded funds (ETF) that hold diversified baskets of cryptocurrencies will fill a significant gap in the market in the coming years.
“It does seem like that’s going to be one of the next waves of adoption,” Peck told Cointelegraph at The Bridge conference in New York City on Wednesday. “It solves a need, I think,” he added.
Peck explained that although many new investors now understand the concept of Bitcoin (BTC), they often struggle to judge the “next 20 range of assets.” He said a multi-asset crypto basket provides them with exposure to the sector while mitigating the “idiosyncratic risk” of investing in individual tokens.
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