Invesco, BlackRock and Fidelity crypto ETFs have a combined $20 million in assets under management as Schwab gets set to launch a similar productValkyrie CEO says larger number of products will see greater demand after regulatory clarityCrypto-focused ETFs are getting crowded.
“This segment of ETFs is already oversaturated,” Geraci told Blockworks.
“ETF providers are also aware that they cannot ignore digital assets and blockchain technology,” Mishra told Blockworks.
Crypto-related stocks and ETFs have been hammered this year amid the sell-off of bitcoin and other digital assets.
“However, I’m not sure if many providers would follow Schwab by launching ultra-cheap crypto related ETFs, since investors pay more attention to performance in thematic ETF areas.”Get the day’s top crypto news and insights delivered to your inbox every evening.
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