Bitwise CIO Predicts an ‘ETF Festival’ in the Crypto Industry

The reopening of the U.S. government after the shutdown could trigger a rise in recently affected cryptocurrencies due to the emergence of new exchange-traded products. This was stated by Bitwise’s Chief Investment Officer Matt Hougan in an interview with CNBC. 

“An ETF festival will begin in cryptoland. I think there will be more than a hundred. We will see many crypto-ETP based on a single asset. But what excites me most is the growth of crypto-ETPs based on indices,” Hougan added. 

The top executive expects lawmakers to continue supporting cryptocurrency initiatives. 
In his view, exchange-traded instruments will become one of the most powerful drivers for the crypto industry in 2026. Demand for them will be driven by investors seeking passive entry points into digital assets.

“[These buyers] do not have a clear opinion on the merits of Ethereum, Solana, Bitcoin, or other coins. They simply want to buy a significant portion of the cryptocurrency market and hold it for the long term,” he explained. 

Tom Lee from Fundstrat Global Advisors also foresees “favorable changes” due to the Trump administration’s openness to innovations in the financial sector.
The statements come amid a wave of ETF launches based on altcoins. In recent weeks, funds based on Solana and XRP have debuted from several management companies. 
Market participants are also actively speculating about the imminent launch of a DOGE-ETF.