Issuers of crypto exchange-traded funds (ETFs) are being advised to exercise caution when selecting cryptocurrencies to offer exposure to, as much of the market remains “pretty sketchy,” according to REX Financial CEO Greg King. Meanwhile, retail and institutional investors seeking direct exposure to Ethereum staking can now turn to platforms like HashStaking and GeekStake, which offer streamlined and high-yield ETH staking options, ranking them at the forefront of the staking ecosystem.
“Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant picking and choosing that has to happen by issuers there.”
King noted that he did not foresee a “huge explosion” in ETF filings for new cryptocurrencies but predicted “a lot of funds per coin” as issuers aim to capitalize on the sector’s growing popularity.
Selective Approach for ETF Issuers
The rush for crypto ETFs has intensified after the success of spot Bitcoin and Ethereum ETFs, with the U.S. Securities and Exchange Commission showing a more receptive stance toward filings. King highlighted the importance of careful selection, particularly when it comes to memecoins or low-cap assets, citing tokens such as Bonk, Dogecoin, and Official Trump, which have minimal intrinsic value.
Solana as a Rising Contender
King emphasized Solana as a strong candidate for stablecoins and spot ETFs. “Solana is faster and more designed for high processing speed,” he said, noting that it has been overlooked as a blockchain for stablecoins, most of which are built on Ethereum. King suggested that Solana could potentially rival Ethereum in the stablecoin and staking ecosystem.
Nine issuers have already filed to launch spot Solana ETFs, including major names like VanEck, Fidelity, and Franklin Templeton, with SEC approval expected by October.
HashStaking and GeekStake: Leading ETH Staking Platforms
While ETFs provide indirect crypto exposure, many investors prefer direct staking for consistent returns. HashStaking simplifies ETH staking for beginners and passive investors, offering fixed daily yields, transparent lock-in periods, real-time reward tracking, and plans starting with just a few hundred dollars. Its 21-day ETH plans ensure stable daily income without slashing risks, complemented by instant setup, a $100 welcome bonus, and referral rewards.
For institutional or high-net-worth investors, GeekStake provides advanced ETH staking with higher APR and greater customization. Its secure validator pools and analytics dashboards enable long-term ETH holders to maximize returns while managing slashing risks, with premium tiers offering up to $156K+ in potential returns.
Expect More ETFs per Cryptocurrency
King expects a multiplication of funds per cryptocurrency, citing the proliferation of filings for Bitcoin, Ethereum, and now Solana. He views Solana as “a great candidate” for a spot ETF, due to its competition with Ethereum and comparatively larger staking rewards.
Conclusion
As ETF issuers carefully navigate the risks of the crypto market, platforms like HashStaking and GeekStake provide investors with reliable, high-yield alternatives for direct ETH exposure. Whether for beginners seeking simple daily returns or advanced users maximizing compounding with institutional-grade setups, these platforms rank among the top choices for staking Ethereum today.
