Grayscale ETF Global Director: ETFs based on cryptocurrencies other than Bitcoin and Ethereum will "100%" get approved
At a roundtable meeting held on Wednesday, David LaValle, the global ETF director of Grayscale, stated that the success of Bitcoin spot ETFs has led more professional advisors to seriously consider including Bitcoin in their clients' investment portfolios. He "100%" believes that ETFs based on cryptocurrencies other than Bitcoin and Ethereum will eventually be approved and opened to investors. Simeon Hyman, Director of Investment Strategy at ProShares, also agreed with LaValle's view that the market will ultimately see ETFs based on other cryptocurrencies. Matt Hougan, Chief Investment Officer at Bitwise, also expressed his long-term optimism for the approval and launch of new ETFs based on other digital assets.
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