Crypto ETFs could reportedly become the third-largest asset class among US ETFs
State Street analysts have predicted that crypto exchange-traded funds (ETFs) could flip precious metals ETFs to become the US’s third-largest asset class among all ETF categories by the end of 2025. The bank, which is the world’s largest ETF servicer, based its prediction on the surging demand for crypto ETFs.
According to State Street’s global head of ETF solutions, Frank Koudelka, spot crypto ETFs’ growth has been unprecedented. However, he believes there is more room for growth, especially as more investment advisors are adding crypto ETFs to their portfolios.
Koudelka said:
“We have been very surprised by the speed of growth of crypto. I expected there to be pent up demand, but I didn’t expect it to be as strong as it…
