This IPO chapter is set to conflict with regulatory clarity around more crypto ETFs, setting up a versatile boom on how people can access segments within broker accounts.
We won’t see a lot of demand, especially not all of these ETFs (i.e. those trying to hold Sol, XRP, Doge, or even Trump) that aren’t particularly immediately. Therefore, for fund issuers, these next few months and years are about experiments.
21Share applied for three more ETFs yesterday. It offers a wide range of crypto exposures through tokens themselves, ETFs, derivatives and stocks. The other two will provide leveraged exposure to Dogecoin and SUI via derivatives.
Fast forward a year ago, the SEC delayed its decision last week on its proposed SOL products (and other similar proposals). When the SEC greenlights a set of so-called “generic list standards,” it points to Solana Funds and single asset ETFs that hold other crypto assets that approve other crypto assets. Probably October.
According to Coinshares, Crypto Investment Product reached an all-time high of $244 billion on August 13th. Let’s take a look at this impressive trend (before this week, capital leaks from BTC and ETH products):
US advisors could one day become the biggest buyer of Crypto ETFs. These finance professionals don’t need to choose winners or losers.
As Hashdex CIO Samir Kerbage told me, “When multiple assets become available for investment, crypto index investments become a natural progression. It offers diversification, risk mitigation, and easier ways to expose advisors and investors to the crypto economy.”
HashDex is looking to expand the investment universe of the Crypto Index Fund, which currently owns BTC and ETH. Crypto index funds by Grayscale and Bitiwise have been approved by the SEC, but agents have now issued a stay order to prevent them from listing.
Funds would be a huge hit on the Crypto Stock side as more segment companies were released.
Investors want easy and adequate access to a well-populated market that will benefit from more institutional adoption and the tailwinds of (buzz phrases) regulation. From 10 Crypto token indexes to DogeCoin leverage, there are plenty to choose from.
How early stages the industry is also allowing publishers to try and bring as many tools to the market as possible. Once they see how the industry evolves, they can always cull the lineup later.
