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Wintermute’s U.S. broker-dealer move opens crypto ETF market path
['Ishika Kumari', 'Written By', 'Reviewed By', 'Muriuki Lazaro', 'Kelvin Murithi', 'Olayiwola Dolapo', 'Ritika Gupta']
AMBCrypto
ADIs this good news for the crypto ETF space?
With this registration, Wintermute will use its own funds to buy and sell securities, in contrast to a conventional broker that makes trades on behalf of customers.
For context, APs produce and redeem ETF shares, enhancing market liquidity and assisting in maintaining crypto ETF prices in line with the worth of their underlying assets.
With the introduction of more crypto ETFs in the United States, Wintermute can support institutional trading to a greater extent.
More developments from the crypto ETF spaceThis coincided with JPMorgan’s observation that, with rising competition, the initial spike in institutional interest in Hyperliquid [HYPE] ETFs may be waning.