Ethereum ETFs Are a Bet on the Growth of Tokenization
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Wall Street is set to introduce Ethereum exchange-traded funds (ETFs), spearheaded by industry giants like Bitwise Asset Management, potentially launching this week. Experts, such as Matthew Hougan, Bitwise's Chief Investment Officer, view Ethereum ETFs as the birth of a new asset class and essential for the tokenization of real-world assets. This development places Ethereum at the forefront of decentralized finance, transforming asset rights into digital tokens on a blockchain. The momentum follows the success of Bitcoin ETFs, with significant inflows. Hougan believes Ethereum ETFs could attract substantial investments in the coming years.
Source: beincrypto.com ↗
