More than 90 cryptocurrency exchange-traded funds (ETFs) are awaiting SEC approval, with launches possible this fall. While analysts expect the products to expand investor access to digital assets, they caution that not all will survive.
BlackRock’s iShares Bitcoin Trust has already become the largest ETF debut in U.S. history, holding nearly $85 billion in bitcoin. Ether ETFs have recently gained momentum, attracting $10 billion in inflows since July.
Nate Geraci of NovaDius Wealth Management called the ETF market a “meritocracy,” stressing that investors — not regulators — will determine which funds thrive. Bloomberg’s James Seyffart added that oversaturation is likely: “Dozens of launches may not last long. Closures are part of the process.”
