Crypto ETFs: The Shocking Rise That Will Leave You Speechless! 😲

by

So, here we are, folks. Analysts at State Street are saying that crypto ETFs are going to outgrow precious metals in North America by the end of 2025. I mean, really? Precious metals? What are we, living in the 1800s? 💰

According to the Financial Times, cryptocurrency exchange-traded funds are on track to become the third-largest ETF asset class in the U.S. by 2025. That’s right, behind equities and bonds. Who knew digital coins would be more popular than shiny rocks? 🤷‍♂️

“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 was.”

— Frank Koudelka, State Street’s global head of ETF solutions

Now, State Street thinks the U.S. Securities and Exchange Commission is going to let ETFs based on altcoins in 2025. Altcoins? Sounds like a fancy term for “the stuff nobody wants.” And Koudelka says there are “a lot of other coins out there that ETFs can potentially solve for.” Solve for? What are we, in a math class? 🧮

As of late February, there are 39 crypto ETFs in the U.S. with around $100 billion. BlackRock and Fidelity are the big players here, holding over $57 billion and $20 billion in their crypto ETFs. I mean, who needs gold when you can have… whatever the heck a Dogecoin is? 🐶

For comparison, North American precious metal ETFs, including the $85 billion SPDR Gold Trust, hold a combined $165 billion. But hey, State Street thinks crypto ETFs will surpass that amount this year. I guess we’ll just have to wait and see if shiny rocks can keep up with digital nonsense! 🤔

Read More

2025-03-03 10:44