According to a representative of the investment company Grayscale, exchange-traded funds based on digital assets other than Bitcoin and Ethereum will appear not in 2024, but in the medium term.
David LaValle, during a discussion on ETFs and digital assets organized by the New York Stock Exchange (NYSE), said that we are talking about horizons in the region of two to three years.
Bitwise Asset Management Investment Director Matt Hougan took part in the discussion and agreed: the launch of spot ETFs for ether will happen in the near future, but the launch of new ETFs based on a wide variety of virtual assets will be worth the wait.
The head of the investment strategy department at ProShares, Simeon Hyman, supported David LaValle: ETFs for any altcoins will soon appear on the market. In his opinion, the market has entered a great era of exchange-traded funds of cryptocurrency assets.
Grayscale previously announced the launch of a “dynamic income fund” (GDIF), which will focus on investing in proof-of-stake virtual assets.