Bitcoin and Ethereum to Lead Altcoins Higher in 2024

Because it is a more familiar and regulated way of allocating capital to the cryptocurrency market. Check out Coinbase and MicroStrategy stocks in 2023: They outperformed Bitcoin and that's no coincidence. These ETFs will open the floodgates for registered investment advisors (RIAs), pension funds, and hedge funds to get in on the action. Additionally, investment banks will begin inventing new products based on these ETFs and the CBOE is awaiting approval to begin trading options on these new ETFs.