ETF issuers must be picky as most crypto is ‘pretty sketchy,’ REX CEO says
REX Financial CEO Greg King said the crypto market gets dicey “below the top 10” and ETF issuers should carefully choose what tokens to turn into funds.
Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” REX Financial CEO Greg King said.
“Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday.
“There’s some significant picking and choosing that has to happen by issuers there,” he added.