Bitwise’s Chief Investment Officer Matthew Hougan stated that the market is expected to see a genuine surge in the launch of new cryptocurrency-based exchange-traded products. He believes that due to increased regulatory activity in the U.S., more than 100 new cryptocurrency ETFs and ETPs could emerge in the near future.
This is reported by Business • Media
Growing Interest in Index ETFs
According to Hougan, the majority of new funds will be focused on a single crypto asset; however, he sees the greatest potential in index ETFs. These funds allow investors to gain access to multiple digital currencies at once, making them attractive for those looking to diversify their portfolios and cover the entire segment of the digital asset market.
Investment Opportunities for Beginners
Hougan emphasizes that new products are particularly beneficial for beginners who want to add cryptocurrencies to their portfolios but do not have specific preferences for particular coins. The Chief Investment Officer highlighted that index ETFs could become a key trend in the market as early as next year.
“These investors do not always have clear preferences — for example, between Ethereum, Solana, Bitcoin, and other assets. They need broad access to the cryptocurrency market that they can hold for the long term,” said the expert.
It is worth noting that recently, the spot Bitcoin ETF from BlackRock experienced a record outflow of capital, which, however, does not dampen the overall interest in cryptocurrency exchange-traded products and their expansion in the market.