BlockBeats news, on August 26, according to Cointelegraph, REX Financial CEO Greg King stated that issuers of cryptocurrency exchange-traded funds (ETFs) should be cautious in choosing which cryptocurrencies to provide exposure to in their funds, as most cryptocurrencies are "quite unreliable."
Greg King said in an interview with Bloomberg (ETF IQ) on Monday: "Cryptocurrencies outside the top ten are quite unreliable, especially those outside the top twenty. Issuers need to be strict in their selection of underlying assets." He also mentioned that he does not expect "explosive growth" in cryptocurrency ETF applications, but anticipates that "there will be many funds for each coin."