Ethereum

Bitcoin

Gary

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 Grayscale said that crypto ETF (exchange-traded fund) products for digital assets besides Bitcoin (BTC) and Ethereum (ETH) will be approved in the next two to three years in the US.
 “We’ve already proven that we can do it with Bitcoin [and] we’re having a really fruitful conversation around Ethereum,” said head of ETFs (exchange-traded funds) David LaValle in a roundtable discussion in April 17.
 He added that he was “100%” confident about such an outcome within a two to three-year timeframe.&nbsp;
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="Cryptocurrency Statistics 2023: Investing In Crypto | Bankrate" data-lazy-src="https://cdn.thebittimes.com/images/2024/04/18/20519f807edafd60a0677a80358f008e.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2024/04/18/20519f807edafd60a0677a80358f008e.webp" alt="Cryptocurrency Statistics 2023: Investing In Crypto | Bankrate">
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 The launch of spot Bitcoin ETFs in the US has forced the conversation such that advisors and financial professionals must now have an opinion on the investment vehicles, he said, adding that more wealth managers are considering adding Bitcoin ETFs to their clients’ portfolios.
 <h2 id="span-style-font-weight-400-industry-giants-bullish-on-more-crypto-etf-products-receiving-approval-span">Industry Giants Bullish On More Crypto ETF Products Receiving Approval</h2>
 Hosted by the New York Stock Exchange and moderated by The ETF Store president Nate Geraci, the roundtable discussion included several big players in the crypto and asset management space.&nbsp;
 Proshares head of investment Strategy Simeon Hyman said he couldn’t imagine there won’t be other cryptos added to the ETF product mix.
 “It’s got to happen,” he said. 
 Meanwhile, Bitwise Asset Management’s chief investment officer Matt Hougan said that the “ETF era for crypto” has begun. These investment products are a “wonderful wrapper” that gives investors “what they want.”
 <h2 id="span-style-font-weight-400-spot-ethereum-etfs-will-eventually-get-the-greenlight-span">Spot Ethereum ETFs Will Eventually Get The Greenlight&nbsp;</h2>
 Many of these industry giants have filed applications for Ethereum ETFs. Although there has been a growing consensus that approval likely won’t be granted in May, many remain confident that they will eventually get the nod, too.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Yeah our odds of eth ETF approval by May deadline are down to 35%. I get all the reasons they SHOULD approve it (and we personally believe they should) but all the signs/sources that were making us bullish 2.5mo out for btc spot are not there this time. Note: 35% isn't 0%, still… https://t.co/QWQOGZjDC5
 — Eric Balchunas (@EricBalchunas) March 11, 2024
 </blockquote>
 
 “Whether we get approval in May or later, we’ve demonstrated that the launch of ETFs lower cost and improve protections for investors looking to access this asset class,” said Hougan. ETH ETFs are thus “a question of when and not if,” he added.
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 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grayscale-anticipates-regulatory-nod-for-diverse-crypto-etfs-beyond-bitcoin-and-ethereum-in-two-to-three-years-tbt85721.html">https://thebittimes.com/grayscale-anticipates-regulatory-nod-for-diverse-crypto-etfs-beyond-bitcoin-and-ethereum-in-two-to-three-years-tbt85721.html</a>
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Grayscale Anticipates Regulatory Nod for Diverse Crypto ETFs Beyond Bitcoin and Ethereum In Two To Three Years

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