Bitwise CIO expects wave of crypto ETFs after US shutdown ends

The end of the U.S. government shutdown is expected to lead to a wave of cryptocurrency ETF launches, according to Matt Hougan, CIO of Bitwise. In an interview with CNBC, he stated that the resumption of government operations will spur legislation in the crypto sector, triggering the release of related investment products like ETFs. Hougan said he personally expects the launch of over 100 such products, with particularly strong growth anticipated for index-based crypto ETPs.