CME Group Product Manager: In the future, diversified products such as crypto asset ETFs, spot, futures and OTC will be more accessible

Odaily Odaily reported on the scene that Tim McCourt, head of equity assets, foreign exchange and alternative assets products at CME Group, said in a fireside conversation at Token2049 that in the past few years, even though crypto ETFs have not yet been launched and policies are vague, many people from traditional finance such as banks, hedge funds and brokers have been asking how they can get in touch with the crypto market. This is an interesting phenomenon. In the future, the mechanism will be more sound, and people will have access to diversified products such as ETFs, spot, futures and OTC around crypto assets. He added that since 2015, CME Group has started to work on a lot of data and research to establish an index system. Now, they are considering more about what kind of products should be issued now based on future user needs, which has greatly enriched CME Group's crypto-related product line. Regarding the difference between Bitcoin and Ethereum, he explained that people usually use Bitcoin for different scenarios such as storage, hedging, and trading, while Ethereum is more used for trading. The "personalities" of the two are slightly different, which also puts Ethereum and related financial products in an earlier stage.