#CryptoSectors
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The crypto sector's index ETFs are coming!
21Shares has submitted applications for two crypto index ETFs to the SEC, including FTSE Crypto 10 and ex-BTC version, using the 40 Act framework.
This move is smart, bypassing the SEC framework to directly promote innovation, with the REX-Osprey SOL ETF attracting $11.4 million yesterday.
Thinking of Bullish's IPO application, with a trading volume exceeding $12.5 trillion, crypto products are popping up like mushrooms after rain, but after the GENIUS Act is signed, the issuance of stablecoins will be stricter.
I see ETFs continuing to attract capital, with BTC and ETH prices steadily rising, and I recommend allocating to index ETFs to avoid single-coin risks.