Crypto Basket Fund Products May Launch Within a Year, TD Cowen Predicts

IconCryptoNewsTerminal Staff27 May, 2024

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Crypto Basket Fund Products May Launch Within a Year, TD Cowen Predicts

TD Cowen, an investment bank, believes that the approval of a spot ETH ETF could pave the way for crypto basket fund products to launch within a year. These products are expected to include not only BTC and ETH but also other altcoins. Cowen's prediction is based on the recent passage of the Financial Innovation and Technology Act (FIT21) in the 21st century, which is seen as a positive step toward regulatory clarity for the crypto industry. However, Cowen also notes that the SEC will likely continue to pursue cases against exchanges that deal with cryptocurrencies it deems unregistered securities. Despite this, Cowen believes that the overall trend is positive for the crypto industry, and it expects to see more crypto funds launched in the coming year.

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