The surge in cryptocurrency ETF applications has analysts optimistic about the prospects of index products

ChainCatcher news, there are currently 155 ETPs (Exchange-Traded Products) applications in the cryptocurrency market, which track 35 different digital assets. It is expected that over the next 12 months, the market may see more than 200 related products, showing a "land grab" style growth.

Analysts believe that traditional financial investors find it difficult to navigate the complex single-token market and are more inclined to adopt diversified and decentralized investment strategies, which makes the prospects for index-based and actively managed cryptocurrency ETFs "highly promising."