Bitwise CIO "Up to 5 Crypto Asset ETFs Could Launch This Year"

There is an opinion that the incorporation of crypto assets (cryptocurrencies) into mainstream finance could accelerate this year.

According to Decrypto on the 2nd (local time), Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated, "If the Securities and Exchange Commission (SEC) crosses the Rubicon, up to five crypto asset spot Exchange-Traded Funds (ETFs) could be approved this year."

However, he emphasized that for a crypto asset spot ETF to be launched, entry into the futures market needs to precede. He explained, "All commodity-based Exchange-Traded Products (ETPs) and exchange-listed products have regulated futures markets. However, currently, crypto assets other than Bitcoin (BTC) and Ethereum (ETH) do not have futures markets."

Since the resignation of former SEC Chairman Gary Gensler following the inauguration of President Donald Trump, applications for crypto asset spot ETFs have surged. Currently, crypto assets with completed ETF applications include XRP, Solana (SOL), Litecoin (LTC), Official Trump (TRUP), Bonk (BONK), and Dogecoin (DOGE).