Will Peck, head of digital assets at WisdomTree, says crypto index ETFs — funds that hold diversified baskets of digital assets — are likely to drive the next major wave of crypto adoption.
Speaking to Cointelegraph at The Bridge conference in New York, Peck said these products “solve a real need,” especially for new investors who understand Bitcoin but struggle to evaluate the “next 20 assets.” A multi-asset basket, he explained, reduces the idiosyncratic risk of picking individual tokens.
Growing Interest in Index-Based Crypto Products
Several crypto index ETFs have launched in 2024. Most recently, 21Shares introduced two new index ETFs regulated under the Investment Company Act of 1940, while Hashdex expanded its US Crypto Index ETF in late September to include XRP, SOL, and XLM after an SEC rule change.
Peck believes broader adoption is “inevitable,” though difficult to time, and expects heavy competition among ETF issuers. He warned that the presence of an ETF doesn’t automatically give a token credibility — investors must make informed decisions.
Bitcoin ETFs Exceed Expectations
Peck also highlighted the “remarkable” performance of US spot Bitcoin ETFs since their launch in January 2024. These products have accumulated around $58.83 billion in net inflows, becoming one of the most competitive segments in the US ETF market.
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