3iQ : News regarding SEC’s recent updating of ETF standards, which could potentially lead to a wave of new crypto ETF applications
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Greg Benhaim, Executive Vice President of Product at 3iQ
“The new rules adopted by the SEC that offer generic listing standards will have significant implications for the global cryptocurrency market. The immediate impact will be the addition of multiple new cryptocurrency assets included in ETFs, increasing visibility, convenience and accessibility to the industry and many new assets.
“At first glance, this seems bullish for the industry, however, based on 3iQ’s experience as leading innovator in ETF issuance in Canada, it may be challenging for issuers to fight for raising capital when new products are being listed every single day.
“To the average investor, they may have a tough time distinguishing between which coins to purchase. For example an AVAX ETF and an ADA ETF are very different but the investor may not appreciate this fully. Over the long term, this will pave the way for the industry to identify which assets have significant retail appeal in ETF format and which don’t.”
Source: ETFWorld.co.uk
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