A flurry of exotic cryptocurrency exchange traded funds could be unleashed in the US in the wake of Donald Trump’s election victory, industry figures believe, transforming the sector.
Crypto ETF providers finally won their decade-long battle to launch “physically backed” bitcoin ETFs in the US in January, after the Securities and Exchange Commission, the regulator, lost a court case brought by digital assets pioneer Grayscale.
Spot ether ETFs have also now been permitted, but filings for a rash of ETFs predicated on other digital tokens such as solana, Ripple’s XRP and litecoin, as well as a potential basket product featuring an array of cryptocurrencies, courtesy of Grayscale, have so far failed to progress.
In contrast, Europe…
