According to a report in the Financial Times, State Street predicted that the surge in demand for cryptocurrency ETFs will make its total assets in North America exceed those of precious metals ETFs, becoming the third largest asset class in the fast-growing $15 trillion ETF industry after stocks and bonds.
Frank Koudelka, head of global ETF solutions at State Street, said cryptocurrency ETFs are growing faster than expected, with data showing more advisers are interested in including cryptocurrencies in their portfolios. Spot cryptocurrency ETFs were only allowed to list in the US last year, but have attracted $136 billion, despite a sell-off in the crypto market over the past month.
State Street also predicts that the Securities Exchange Commission (SEC) will approve more digital asset ETFs this year and expects to allow funds based on the top ten tokens by market cap to list by 2025. In addition, the bank expects the SEC to approve "physical" creation and redemption mechanisms for cryptocurrency ETFs, improving transaction efficiency.
State Street forecasts that crypto ETF assets will surpass precious metals ETFs within the year
2025-03-03 05:52:39
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
道富银行预测加密ETF资产规模将在年内超越贵金属ETFNext article：
dYdX 已投票通过“将部分独立市场的默认资金费率设定为每小时 0.00125%”提案
