Dave Lavalle, Grayscale’s global head of ETFs, stated that crypto ETFs will expand to include diversified crypto indexes and other digital assets. He predicted a massive adoption wave as more crypto ETFs await the SEC’s approval.
In a Webinar held on August 12th, Dave Lavalle stated that diversified crypto indexes would be incorporated into crypto ETFs. He mentioned that the U.S. SEC had worked faster at approving crypto ETFs than industry players expected, and also went on to identify several other ETFs and digital assets waiting to get the green light from the SEC. Lavalle noted that the approval would result in massive adoption as more crypto ETFs await the SEC’s approval.
Grayscale executive speaks on crypto ETFs
Grayscale stands amongst the world’s leading issuers of crypto ETFs, with over $25 billion in assets under management (AUM) in its United States-listed crypto ETFs. The company’s exchange-traded products in the U.S. are single-asset Bitcoin and Ether products.
Dave Lavalle mentioned that ETFs would start by including diversified crypto indexes and new assets. He pointed out that the market would soon have more single-asset products and index-based diversified products. These products include single-asset funds, such as Solana (SOL) ETFs, and diversified crypto indexes, such as the Hashdex Nasdaq Crypto Index ETF.
Lavalle referred to the ETH ETF approval process by the U.S. SEC as a sprint, stating that most industry players expected the process to be faced with denials.
Lavalle predicts massive adoption of crypto ETFs
Grayscale’s global head of ETF mentioned that he expects massive adoption amidst enormous demand for crypto ETFs. The national securities exchanges, such as Nasdaq, also reportedly intend to list BTC and ETH ETFs soon.
Lavalle stated that the current demand for adoption was evident by the number of inflows. He asserted that Grayscale had 15 billion inflows, more than thrice the largest inflow of any ETF in history, showing the scale of the current wave of adoption.
“We have more than 15 billion inflows. That’s more than three times the largest one-year inflow of any ETF ever in the history of ETFs.”
–Dave Lavalle.
The demand for crypto ETFs is also linked to the uptake of these digital assets by large financial institutions such as Morgan Stanley and BlackRock.
