Analyst Predicts Bitcoin and Ethereum Will Be the Only Cryptos Tradable Via ETFs in the Near Future
According to BlackRock’s senior exchange-traded fund executive, only Bitcoin and Ethereum will be available for trading through ETFs in the near future. While both cryptocurrencies meet the investment giant’s minimum expectations for ETFs, other digital assets do not come close. BlackRock’s chief investment officer for ETF and index investments, Samara Cohen, recently discussed how Bitcoin and Ethereum currently meet the criteria for investability, but it may take a while before any other cryptocurrencies are added to the ETF market.
The Challenge of Bringing New ETFs to Market
Despite technical challenges involved in launching new ETFs and the lack of investor interest in other currency ETFs like Solana, there is speculation about what might come next in the market. With the recent successful launch of Ethereum ETFs leading to a significant increase in weekly trading volume for crypto funds, the industry is buzzing with possibilities.
Speculation on Future Cryptocurrencies in ETFs
- Solana ETFs have been filed by both VanEck and 21Shares in the US, making Solana a strong candidate for the next ETF inclusion.
- Many see Solana as a promising asset due to its reputation as a faster and more cost-effective alternative to Ethereum.
- The lack of Solana CME futures poses a potential obstacle to the SEC’s approval of a Solana ETF.
- Franklin Templeton has described Solana as an exciting development that could drive the crypto market forward.
- Solana currently represents approximately 3% of the total crypto market value, with a market capitalization of $82 billion according to CoinGecko data.
Hot Take: The Future of Cryptocurrency ETFs
In conclusion, while Bitcoin and Ethereum are currently the only options for trading via ETFs, the landscape may change in the future with the potential addition of other cryptocurrencies like Solana. As the market evolves and investor preferences shift, new opportunities for ETF investments may emerge. Keep an eye on upcoming developments in the cryptocurrency space to stay informed and make informed investment decisions in the future.
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