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Australian analyst sees huge inflows into crypto ETFs going forward
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Australia’s implicit interest in the first crypto ETF was a great piece of news for the crypto market. Especially, when the U.S. has taken a conservative approach on approval of physically-backed funds or spot ETF. But, there’s more positive to that according to an ETF expert.
Sui Chung, CEO of CF Benchmarks recently told Insider Australia,
“What you’re going to see is literally every month, another $50 million or $100 million will go into crypto ETFs…It doesn’t take very long before that becomes a pretty big number.”
While the ETF approval could mean massive inflows, it also opens doors to Australia’s pension fund market, according to the analyst. Chung added that “gradual allocations” by pension funds to crypto ETFs, could further heighten
Read more on ambcrypto.comAbout this in other media
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