ETF Issuers Must Be Picky as Most Crypto Is ‘Pretty Sketchy,’ REX CEO Says

ETF Issuers Urged To Be Selective As Most Crypto Remains ‘Sketchy,’

Exchange-traded fund (ETF) issuers are keenly interested in the cryptocurrency market’s rapid growth, but they are also cautious. Greg King, the CEO of REX Financial, has stated that most cryptocurrencies, especially those not in the top 10, are “pretty sketchy” and pose significant risks when it comes to being included in an ETF. In an interview with Bloomberg ETF IQ, he discussed the importance of being selective in a market that is constantly…

REX Financial CEO Picks Solana Over Ethereum: Here’s Why

On Bloomberg’s “ETF IQ” on Monday, REX Financial chief executive Greg King made his most forceful public case yet for Solana’s role in real-world finance—especially for stablecoins—and explained why his firm built a 1940 Act, staking-enabled ETF around SOL rather than waiting for a traditional ’33 Act spot product. Solana Vs. Ethereum King did not hedge when asked to put the Solana-versus-Ethereum debate into plain language for mainstream invest…

ETF Issuers Must Be Selective as Most Crypto Remains Sketchy, Says REX CEO

The debate over cryptocurrency exchange-traded funds (ETFs) intensifies as more issuers seek approval to expand beyond Bitcoin and Ethereum. However, according to REX Financial CEO Greg King, issuers must exercise extreme caution when selecting assets for these products, warning that most cryptocurrencies outside the top tier are pretty sketchy. King argued that the crypto market […]

ETF issuers must be picky as most crypto is ‘pretty sketchy,’ REX CEO says

The crypto market “gets pretty sketchy below the top 10,” and ETF issuers should be picky when it comes to what tokens to turn into a fund, says REX Financial CEO Greg King.