Bitwise CEO: Expects a new surge in cryptocurrency ETF products

According to CNBC, Bitwise CEO Hunter Horsley stated, "The crypto world is about to see an ETF feast. I believe there will be over 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 the challenging market, he still believes that index ETPs will be one of the most important stories in the crypto space next year and will ultimately become one of the largest categories of interest for investors. Hougan added, "This industry will be ten times larger in the future than it is now." Bitwise launched the Solana Staking ETF on October 28, which tracks the price of the cryptocurrency Solana.