- Policy momentum after the U.S. reopening could trigger 100+ new crypto ETF launches.
- Market weakness contrasts with rising optimism for index-based and staking-focused ETFs.
- Analysts say supportive federal signals may accelerate digital-asset product approvals.
Matt Hougan is preparing the market for a sudden escalation in crypto ETF activity, signaling that U.S. policy momentum following the government’s reopening may set off one of the largest bursts of product launches to date.
His assessment arrives during a downturn for major digital assets, creating an unusual backdrop in which regulatory progress accelerates even as prices retreat to multi-month lows. The comments have sparked fresh attention across digital-asset circles as issuers evaluate how an active legislative period could reshape investment access heading into next year.
Washington Shift Opens Door to ETF Expansion
Speaking on CNBC’s ETF Edge, Hougan projected more than 100 new crypto exchange-traded products once lawmakers move forward with supportive legislation. He said the renewed policy window is likely to revive single-asset ETP filings first. However, he emphasized that index-based crypto ETPs could become one of the most significant growth categories, especially for investors seeking diversified exposure without committing to individual tokens.
The industry’s renewed optimism contrasts with ongoing weakness across the market. Bitcoin fell below $90,000 this week, marking its lowest level since April. The asset previously traded near $126,000 early last month.
Solana Staking ETF Faces Declines but Registers Daily Bounce
Hougan addressed the performance of Bitwise’s Solana Staking ETF, introduced on October 28. The fund has declined 27% since launch, but rose 9% on Tuesday. It holds Solana exclusively and stakes nearly all tokens on-chain, earning rewards from network validation activities that are reinvested into the portfolio.
Hougan stated that these structures are designed for investors purchasing small, long-term allocations rather than selecting between assets such as Ethereum, Solana, or Bitcoin.
Industry Analysts Cite Supportive Federal Posture
Additional insight came from Fundstrat Global Advisors. Tom Lee, the firm’s head of research, stated that the current administration is promoting innovation in digital assets. Lee, who has tracked Bitcoin’s long-term performance for years, noted that the administration’s stance may create favorable conditions for new financial products.
He shared the remarks during the same interview, underscoring the expectation that policy direction could influence ETF activity over the coming months.
