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Forget Bitcoin mania. The next crypto wave? Diversified ETFs. WisdomTree’s digital asset guru, Will Peck, foresees these “basket” ETFs – holding a variety of digital currencies – as the future, poised to explode and dominate a currently underserved market.
“Peck, speaking at The Bridge conference in New York City, predicted a coming surge in adoption, telling Cointelegraph, “It feels like we’re on the cusp of a new wave.” He added, with a knowing nod, “This isn’t just hype; it’s a solution people need.”
“Bitcoin’s a household name,” Peck noted, “but navigating the crypto landscape beyond it can feel like charting unknown waters.” He suggests a diverse crypto portfolio as a life raft, shielding investors from the unpredictable storms of individual token investments, those “next 20” assets ripe with both potential and peril.
Will Peck says index ETF investors will be backing the tech
“Crypto: it’s more than just an asset. It’s a game-changing technology. Forget the blanket term – each token operates with its own unique engine, driving returns in distinct ways. Sure, they might move in sync for now, caught in the market’s current. But peel back the layers, and you’ll find a world of difference beneath the surface.”
Will Peck spoke to Cointelegraph at The Bridge conference in New York City on Wednesday. Source: Cointelegraph
Hot on the heels of a wave of crypto index ETFs, asset manager 21Shares dropped two new funds regulated under the Investment Company Act of 1940 this Thursday.
Barely two months ago, on September 25th, Hashdex fired a shot across the bow of traditional finance. They supercharged their Crypto Index US ETF, injecting it with XRP, SOL, and XLM. This bold move followed the SEC’s quietly transformative generic listing rule change, signaling a potential sea change in crypto investment accessibility.
Peck remained coy on predicting when crypto index ETFs would truly take off, hinting only that their inherent usefulness makes widespread adoption feel less like a possibility and more like an unavoidable future.
The crypto ETF gold rush is on! Industry insiders like Peck predict a tidal wave of new ETF launches as firms scramble for first-mover status. But beware: this feeding frenzy could dilute the perceived legitimacy an ETF provides, transforming it from a badge of honor to just another ticker symbol.
Bitcoin ETF success “surpassed” Will Peck’s expectations
“Five years back, an ETF was the golden ticket – Wall Street’s wink of approval. Bitcoin craves that validation, sure, but an ETF isn’t the only path now. The game’s evolving.”
“Peck countered, suggesting the SEC shouldn’t be a gatekeeper of merit, but rather, informed clients navigating their own financial paths. The onus, he stressed, rests on individual investors to discern wisely.”
Peck admitted the triumph of spot Bitcoin ETFs, since their January 2024 debut, has blown past even his most optimistic projections.
“The Bitcoin ETF arena? It’s a gladiatorial pit. Crypto ETFs are battling it out in what has quickly become the most fiercely competitive sector of the US ETF market.”
Wall Street’s embrace of Bitcoin is proving lucrative: spot Bitcoin ETFs have amassed a staggering $58.83 billion in net inflows since their US debut, according to Farside data, signaling a seismic shift in investor appetite.
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