A top portfolio strategist from the $244-billion asset management giant Morningstar says that Cardano (ADA) could become one of the “Big Three” mainstream cryptocurrencies.
In a report from Business Insider, Morningstar’s crypto-focused strategist Amy Arnott says that investors looking to get into digital assets want to avoid stomach-wrenching volatility.
Arnott believes that a crypto-based exchange-traded fund (ETF) – if one existed – would be the best route for investors to skirt over-the-top volatility.
“What I would really like to see is a diversified crypto index fund in the form of an ETF… The SEC still hasn’t approved any ETFs in the United States which makes it very difficult for mainstream investors to gain exposure to cryptocurrencies. It seems like there’s a lot of internal debate at the SEC about whether they should go ahead with this –…