Crypto ETFs Expected To Emerge Gradually In 2024

According to Odaily, Bloomberg's senior ETF analyst Eric Balchunas recently shared insights on the X platform regarding the anticipated emergence of cryptocurrency ETFs in 2024. Balchunas predicts a gradual introduction of these financial products rather than a simultaneous launch. The first ETFs likely to be introduced are those combining Bitcoin (BTC) and Ethereum (ETH). Following this, Litecoin may be considered due to its status as a Bitcoin fork and classification as a commodity. Additionally, Hedera Hashgraph (HBAR) could be next in line, as it has not been labeled as a security. Further down the line, other cryptocurrencies such as XRP and Solana might see ETF offerings. However, these are currently marked as securities in ongoing legal proceedings, which could affect their timeline for ETF inclusion. The gradual rollout of these ETFs reflects the evolving regulatory landscape and market dynamics surrounding cryptocurrency investments.