ETFs
Lukka CEO Talks Crypto’s Role in ETFs
Interview with Lukka at the etf.com awards
In an exclusive interview with ETF.com Editor-in-Chief Kristin Myers, Lukka CEO Robert Materazzi discussed the recent launch of bitcoin spot ETF, the future of cryptocurrency ETFs, and what he took away from the awards ceremony. Materazzi highlighted the recent launch of spot Bitcoin ETFs as a “historic moment” for the ETF industry. The CEO also addressed the complexities surrounding Ethereum due to its staking capabilities and potential yield generation.
Luccaa leading provider of software and data solutions for the cryptocurrency industry, was the main sponsor of the event. ETF.com Price 2024.
Materazzi expressed uncertainty about the U.S. Securities and Exchange Commission’s comfort level with these features within an ETF structure, suggesting potential delays in approvals for an ether spot ETF , despite the agency’s advice. approval of 9 ether futures ETFs back in October 2023.
“There are more complexities with these than with Bitcoin,” Materazzi explained. “Because you can bet on that asset to get a return on it. And that’s something that’s difficult to put into an ETF. It’s going to require a lot of conversations and a lot of issuers don’t know if the SEC is going to be at comfortable with that.”
“I think we will see…some delays in applications,” Materazzi said. “But honestly, even this asset is just the beginning.”
SEC Decision on Spot Ether ETF
On May 6, the SEC delayed his decision on Invesco Galaxy’s application for a spot ether ETF for 60 days until July 5, 2024. Now, all eyes are on the SEC for VanEck’s next decision deadline, May 23, 2024.
“With many different partners on mixed-asset products and many other things, a single-asset ETF is really just the beginning,” he explained.
Beyond Bitcoin and Ethereum, Materazzi hinted at future innovations in the crypto ETF space. Lukka is engaged in discussions with various partners about mixed-asset crypto products and other creative ETF structures, suggesting that single-asset crypto ETFs represent just the beginning of a much broader evolution.
As Lukka plays a key role in Infrastructure In supporting these innovative products, their perspective is crucial to understanding the changing landscape of the exchange-traded fund industry. Lukka’s involvement in the awards ceremony also reflects his support for these new offerings and the broader integration of crypto assets into the ETF landscape.
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