The cryptocurrency Kaspa aims to become one of the fastest blockchain systems, with analysts anticipating significant growth. The possibility of a Kaspa-based ETF is garnering increasing interest.
Kaspa's Technological Achievements
Kaspa plans to introduce a 10 blocks per second upgrade in Q1 2025, making it the fastest proof-of-work blockchain. Additionally, the implementation of smart contracts in Summer 2025 will allow it to compete with platforms like Ethereum.
Kaspa's Institutional Partnerships
Kaspa has secured notable support from prominent financial institutions. For instance, Zodia Custody, a subsidiary of Standard Chartered, provides institutional-grade custody solutions for Kaspa. In Europe, Valor Finance has launched Kaspa ETPs, setting a blueprint for future ETF developments. Reports also suggest that Grayscale is evaluating Kaspa for potential ETF inclusion.
Kaspa ETF Prospects
Bloomberg's senior ETF analyst Eric Balchunas mentioned that 2025 might see a wave of crypto ETF approvals. While Bitcoin and Ethereum are expected to lead this wave, Kaspa's advanced proof-of-work system and growing institutional backing position it as a strong contender in this space.
While a Kaspa ETF approval in 2025 isn't guaranteed, the ongoing efforts in building institutional partnerships and technological advancements suggest promising prospects. The methodical approach to infrastructure development before seeking massive publicity might be beneficial in navigating the regulatory landscape.
