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There are many more ways to be exposed to codes right away.
Like, a lot.
Certainly, it is a good choice. These options are integrated even if you feel better where the space is heading. I wrote about the demand for crypto stocks (and how to assess them) earlier this week because such stocks (such as circles and bullishness) hit major exchanges.
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.
I don't think we'll 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.
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“With both active and leveraged ETFs, we move past replicas to the next chapter in Crypto Investing, which is built with a research-driven future prospect to provide investors with new ways to gain long-term growth across the digital asset ecosystem,” Federico Brokate of 21Shares said in a statement.
Brokate previously worked at BlackRock as Ishares Business Strategy Director. He shifted to lead the US business at 21Shares in mid-2024.
I chatted with Brocate a few months before I won the Trump election. Among his points was how Solana ETF “sits really well” in his portfolio alongside BTC and ETH funds.
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):
Another point brocket made in August last year? 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.
