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Crypto ETFs can become third-largest asset class in US by end-2025, State Street forecasts

Crypto ETFs can become third-largest asset class in US by end-2025, State Street forecasts
According to analysts at State Street, cryptocurrency exchange-traded funds (ETFs) are predicted to surpass precious metals in North America, making them the third-largest ETF asset class by the end of 2025. State Street anticipates that altcoin-based ETFs will be permitted by the U.S. Securities and Exchange Commission in 2025. The bank also expects the SEC to approve "in-kind" trading for crypto ETFs, allowing transactions in cryptocurrency instead of cash. Currently, there are 39 crypto ETFs in the U.S. with a total value of around $100 billion, with BlackRock and Fidelity being the largest players. The analysts expect crypto ETFs to exceed the value of precious metal ETFs in North America this year.

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