SEC listing rules to boost crypto ETFs, but no guarantee of inflows: Bitwise
Bitwise’s Matt Hougan says a more straightforward SEC listing process could lead to more crypto ETFs, but that doesn’t mean they’ll all attract money.
The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns.
“The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new crypto ETPs. This is intuitive, but it’s also backed up by ETF history,” Bitwise chief investment officer Matt Hougan said in a report on Monday.
However, Hougan warned that the launch of a crypto ETF should not be confused with renewed hype for cryptocurrency.
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