Bitwise CEO: Expects a New Surge in Cryptocurrency ETF Products

According to ChainCatcher, as reported by CNBC, Bitwise CEO Hunter Horsley stated, "The crypto world is about to experience an ETF feast. I believe there will be more than 100 products launched. We will see a large number of single-asset crypto exchange-traded products (ETPs). However, what excites me the most is the growth of index-based crypto ETPs."

Despite challenging market conditions, he still believes that index ETPs will become one of the most important stories in the crypto space next year, and will eventually become one of the largest categories attracting investor attention. Hougan added, "This industry will be ten times bigger in the future than it is now." On October 28, Bitwise launched a Solana staking ETF, which tracks the price of the cryptocurrency Solana.