Bitwise Predicts Surge in Crypto ETFs Despite Bitcoin Price Drop

Despite a recent decline in cryptocurrency prices, Bitwise expects over 100 new exchange-traded products (ETFs) to launch in the crypto market. This follows regulatory changes under the current administration, according to Chief Investment Officer Matt Hougan. While bitcoin fell below $90,000 for the first time since April, reaching a low of around $87,000, Hougan believes this volatility presents an opportunity for new ETF products to gain traction.