Matt Hougan, Chief Investment Officer of Bitwise Asset Management, said in a recent roundtable discussion. Ethereum He expressed confidence in the final approval of his ETFs.
“Whether we get approval in May or later, we have shown that the ETF costs less to launch and provides better protections for investors looking to access this asset class,” Hougan said. “So I think it’s not a matter of if there will be an Ethereum ETF, but a matter of when,” he said.
Bitwise has already launched a spot bitcoin ETF and has also filed for a spot Ethereum ETF. Company, cryptocurrency He is optimistic about the future of ETFs, and Hougan said, “We have entered the era of ETFs for crypto, you will use this great product to give people what they want.”
However, in his recent statement, Hougan said that a 1% allocation to ETFs across the industry would mean $1 trillion inflow into the cryptocurrency space.
ProShares Head of Investment Strategy Simeon Hyman echoed these sentiments, predicting that the market will eventually expand to include other cryptocurrencies. “I can’t imagine that there won’t be several other cryptocurrency ETFs emerging of the scale and size that we can all participate in. “This has to happen,” he said.
*This is not investment advice.
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