PANews reported on March 3 that according to the Financial Times, according to the forecast of State Street, the world's largest ETF service provider, the demand for cryptocurrency ETFs has surged, and its total assets are expected to exceed those of North American precious metal ETFs by the end of this year. This change will make digital token ETFs the third largest asset class in the $15 trillion ETF industry, second only to stocks and bonds, and surpassing real estate, alternative investments and multi-asset funds.

"We've been very surprised by the pace of growth in cryptocurrencies," said Frank Koudelka, head of global ETF solutions at State Street. "I expected pent-up demand, but I didn't expect it to be so strong." He expects cryptocurrency ETFs to continue to grow rapidly this year, noting that data shows that more and more investment advisors are interested in cryptocurrencies and are including them in their portfolios. Precious metals ETFs have a 20-year head start. The world's first physically-backed gold ETF, the $85 billion SPDR Gold Trust (GLD), was launched in 2004 and remains the largest precious metals ETF. However, State Street expects that the total assets of North American precious metals ETFs, which total $165 billion, will be surpassed by cryptocurrency ETFs this year.

State Street also predicts that the U.S. Securities and Exchange Commission (SEC) will approve more digital asset ETFs this year. In addition to the existing Bitcoin and Ethereum ETFs, fund management companies have applied to launch ETFs based on a variety of tokens such as SOL, XRP and XRP. State Street expects that by 2025, ETFs based on the top ten tokens by market value will be approved.