According to analysts at Bernstein, after the SEC approves a spot Bitcoin ETF, the registration of a similar Ethereum-based product will not be long in coming.
According to them, this is due to the similar market structures of BTC- and ETH-based instruments.
Solana, Polygon and DeFi token-based products could also be candidates for further expansion of the crypto-based ETF ecosystem.
Company analysts have said the wealth management industry will have the opportunity to expand its business across a growing asset class.
They have come to this conclusion following a US court’s approval of Grayscale Investments’ petition for the SEC to review its request to convert its GBTC trust into an ETF.
The asset manager sued the regulator in June for refusing to convert its GBTC into an ETF. The firm filed a request with the SEC to convert the product in October 2021.
Источник: ru.ihodl.com