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Bloomberg expert: More than 100 crypto ETFs could be launched next year.
Eric Balchunas, a senior ETF analyst at Bloomberg, noted that the adoption of a common listing standard could create a significant turning point for the crypto ETP market. He reiterated that in the past, when the SEC last issued a similar standard for traditional ETFs, the number of listed funds doubled.
According to Balchunas, this scenario is likely to repeat in the cryptocurrency sector. He predicts that within the next 12 months, there could be more than 100 new crypto ETFs launched in the market, significantly expanding the options for investors and driving capital into the industry.