REX Financial CEO: ETF Issuers Must Choose Carefully, Most Cryptocurrencies Are 'Quite Unreliable'

BlockBeats news, August 26, according to Cointelegraph, REX Financial CEO Greg King stated that issuers of cryptocurrency exchange-traded funds (ETFs) should carefully select which cryptocurrencies to include in their funds, as the majority of cryptocurrencies are 'quite unreliable.' In an interview with Bloomberg's 'ETF IQ' on Monday, Greg King said: 'Cryptocurrencies outside the top ten are quite unreliable, especially those beyond the top twenty. Issuers need to make strict selections when choosing assets.' He also noted that he does not expect an 'explosive growth' in ETF applications for various cryptocurrencies but anticipates 'many funds for each coin.'