Opinion: Cryptocurrency index ETFs will lead the next wave of adoption.

According to Mars Finance, on November 16th, Will Peck, Head of Digital Assets at WisdomTree, predicted that ETFs holding diversified cryptocurrency portfolios will fill a significant gap in the market in the coming years and will be one of the next waves of adoption. Multi-asset cryptocurrency baskets allow users to access the entire industry while mitigating the "specific risks" of investing in a single token. Will Peck stated, "We call cryptocurrency an asset class, but it's actually a technology. The underlying return drivers for each token are actually quite different, although they are generally correlated, just because the market is currently at this stage." Several cryptocurrency index ETFs have already been launched this year. This Thursday, asset management company 21Shares announced the launch of two cryptocurrency index ETFs: the 21Shares FTSE Crypto 10 Index ETF (ticker: TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (ticker: TXBC). Both provide broad exposure to digital assets by tracking the FTSE Russell Crypto Index, holding the top ten crypto assets by market capitalization (TXBC excludes Bitcoin), rather than investing in a single token.