Grayscale Files for Spot Crypto Index ETF, Aiming to Bring BTC, ETH, SOL, XRP and ADA Under One Fund
- Crypto ETFs gained prominence with Bitcoin and Ethereum ETFs launched by major firms in 2024.
- As applications for altcoin ETFs are under review, crypto index ETFs are emerging as a new trend.
- Index ETFs offer a straightforward way to invest in major cryptos, mirroring traditional stock indexes.
- Grayscale’s latest ETF bid includes a mix of major cryptos, offering broad market exposure.
If there has been one narrative dominant in crypto over the past year or so – apart from memecoins and Trump, and of course Trump memecoins – it has to be crypto exchange-traded funds (ETFs).
Bitcoin and Ethereum made their debut in early and mid-2024 respectively, with the launch of several ETFs backed by industry…
