Number of crypto ETFs in market may boom after new SEC decision
Two decisions made by the Securities and Exchange Commission in recent days could unleash a wave of new exchange-traded fund launches, let by crypto ETFs.
The SEC recently approved generic listing standards for spot crypto ETFs, which removes the need for lengthy case-by-case approvals. This means faster launches across more cryptocurrencies.
The regulatory door is now open for a wider range of crypto ETFs beyond existing bitcoin and ethereum funds, which have grown quickly. Digital currencies with smaller but loyal followings could soon be better represented and traded by investors though exchange-traded funds.
“Within the next 60 to 90 days, we’ll have a dozen or so new crypto-oriented products tracking things like solana or XRP, or the…
