2W
...
Surging interest in cryptocurrency exchange-traded funds (ETFs) is forecasted to elevate their combined assets above those of traditional precious metal ETFs in North America by year-end. State Street the global leader in ETF services predicts a historic shift that would place digital token ETFs as the third-largest asset class in the $15 trillion ETF industry
According to Frank Koudelka global head of ETF solutions at State Street the rapid growth of crypto ETFs has been unexpected with strong demand evident from advisors including them in investment portfolios. BlackRock has also made a significant move by integrating bitcoin into some of its model portfolios marking a milestone in crypto acceptance
Looking ahead the US Securities and Exchange Commission is expected to approve a broader range of digital asset ETFs with predictions pointing to an expansion in funds based on major cryptocurrencies by 2025. State Street sees this trend democratizing access to cryptocurrencies making them a vital part of diverse investment strategies.
