Wall Street Prepares for Wave of Crypto Exchange-Traded Funds (ETFs)

Nate Geraci, president of Novadius Wealth Management, anticipates a seismic shift in the ETF landscape. In a tweet, he hints at an unprecedented surge in crypto-related fund applications soon to flood the SEC’s inbox. He suggests that virtually every possible crypto product is under development. This prediction is supported by REX-Osprey, which has submitted numerous filings for 21 new crypto ETFs covering established coins like Cardano and Chainlink, as well as emerging players like Sui and Hedera. These funds also plan to incorporate staking mechanisms, adding another layer of complexity to the ETF race.