Over 100 Crypto ETFs Expected as Index Products Gain Traction

A wave of new crypto exchange-traded products (ETFs) is anticipated as industry expert Matt Hougan predicts over 100 additions. This surge in demand for index-based products, driven by investor preference for broad market exposure rather than individual tokens, signals a potential expansion unlike any seen before. This optimistic outlook comes amidst recent turbulence in the digital asset market, with Bitcoin’s price dropping below $90,000 after reaching highs of over $126,000 earlier this month. Hougan’s comments highlight the growing importance of diversified exposure as legislation progresses and traditional investors seek measured entry into the crypto space.