Speaking at the Token2049 event in Dubai, Chainlink founder Sergey Nazarov shared how the exchange-traded fund (ETF) wave could grow and what could drive further mainstream adoption for Web3 and digital assets.
According to Nazarov, with the Bitcoin ETF approved, the crypto space can expect more ETFs for other coins and tokens.
The executive emphasized that apart from BTC and ETH, there are other tokens that are likely to get approved for their own ETFs.
Nazarov explained:
“I think the next thing is more ETFs on coins other than Bitcoin and Ethereum. So I think that this ETF momentum is going to continue throughout the year and is going to continue to grow and grow and grow.”
Moreover, the executive also explained how tokenized real-world assets (RWAs) can be created in the near future by Web3 companies and banks. The executive believes that the Web3 world will further converge with traditional finance through RWAs.
The executive expects these things to happen in the next three to four years.
