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BitwiseCIO: There will be larger scale digital asset ETP launches in the future, and the definition of Cryptocurrency is crucial for market development
CoinWorld News, according to the Financial Times, Matt Hougan, Chief Investment Officer of Bitwise Asset Management, said that looking ahead 10 years, there will definitely be larger scale digital asset ETPs launched, and this ETP may be an index-based product.
Since November 2024, there has been a large number of cryptocurrency ETF applications in the United States, these products are based on digital assets such as Solana, XRP, and Litecoin. Matt Hougan added that resolving the dispute over the securities and commodity definition of cryptocurrencies may open the gate for market development: ‘Unless we get clear definitions, it will hinder market development. But once we get these definitions, I believe that products in the United States will experience explosive growth.’