The ETF Store President: The first index-based spot cryptocurrency ETF may be launched tomorrow

ETF Store President Nate Geraci announced on the X platform that the first index-based spot cryptocurrency ETF, the Grayscale CoinDesk Crypto 5 ETF, is expected to launch tomorrow.

This ETF will include a basket of major cryptocurrencies, including BTC, ETH, XRP, SOL, and ADA, forming a diversified digital asset portfolio. Geraci further emphasized that he believes both index-based and actively managed spot cryptocurrency ETFs will attract significant market demand, particularly from financial advisors and the medium- and long-term investors they represent.

Such products provide traditional financial markets with compliant and convenient digital asset allocation tools, lowering the technical barriers and custody risks of direct cryptocurrency investment and significantly expanding access for both institutional and individual investors.

In his view, the launch of such ETFs is not only a key step in further integrating crypto assets into the mainstream financial system, but will also encourage more financial advisors to include them in their client asset allocation recommendations, leading the next wave of adoption of digital financial products.