Amid the growing interest in cryptocurrency exchange-traded funds (ETFs), experts share their insights into the current state and future of the crypto market.
Crypto Market and ETFs
Greg King, CEO of REX Financial, noted that most cryptocurrencies outside of the top 10 are ambitious and subject to high risks. "Crypto gets pretty sketchy below the top 10, certainly below the top 20," he stated in an interview with Bloomberg. King believes issuers of ETFs need to carefully select cryptocurrencies for their funds.
The Future of Solana as a Stablecoin
King highlights Solana as the future platform for stablecoins, asserting that this blockchain has been underestimated compared to Ethereum. He remarked: "Frankly, when I saw the big debate come out about stablecoins being all built on ETH, I was like, 'this is a huge oversight.'"
Expectations for the Number of ETFs
According to King’s forecasts, the number of crypto ETFs is expected to continue rising. "Where else in ETF land did you have six, eight, ten people lining up to launch the same exact thing, like we’ve seen with a Bitcoin ETF?" he emphasized the growing interest in ETFs on Solana.
The overall expert opinion indicates a growing interest in crypto ETFs, driven by potential innovations and the adaptation of existing platforms like Solana.
