Ophelia Snyder, president of the multibillion-dollar investment firm 21Shares, believes the cryptocurrency market is still in its early stages.
Early Adopter Dominance
Despite a market capitalization of $2.6 trillion, Snyder notes that most institutions and intermediaries are yet to invest in crypto. This suggests that the market has significant potential for growth.
Bitcoin and Ethereum ETFs
21Shares recently received SEC approval for its Bitcoin ETF, which has attracted billions of dollars in inflows. Snyder expects Ethereum ETFs to be approved as well, but predicts they will be less successful due to Ethereum’s complexity and lower investor education.
Investor Education Key
Snyder emphasizes the importance of investor education for Ethereum. She believes the market’s growth will be hindered until investors have a better understanding of the asset.
