Grayscale says the U.S. crypto ETF market is moving beyond a narrow focus on Bitcoin and Ethereum. Krista Lynch, the firm’s global head of distribution, said the U.S. Securities and Exchange Commission’s listing standards now cover about 15 tokens, giving ETF issuers a wider field of options. She said that shift is pushing the market into a new phase.
Lynch also pointed to Grayscale’s Zcash ETF as an example of that expansion. According to her, the fund’s assets have already exceeded $1 billion. The comments were reported by The Block and cited by Techub News. Together, the remarks suggest that product development in the U.S. crypto ETF segment is broadening as more tokens fall within the SEC’s listing framework.
Grayscale’s global head of distribution, Krista Lynch, said the U.S. Securities and Exchange Commission’s listing standards now cover about 15 tokens, giving crypto ETF issuers more options beyond Bitcoin and Ethereum, according to The Block.
Lynch said the crypto ETF market is entering a new phase. She added that Grayscale’s Zcash ETF has grown to more than $1 billion in size.
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