Why You Need To Brace For The Crypto ETF Avalanche
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The SEC’s decision to approve generic listing standards for spot cryptocurrency ETFs may open the door for up to a dozen new crypto ETFs beyond Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) within the next 60–90 days, according to experts.
What Happened: ETF analyst David Nadig told CNBC on Monday that while these innovations improve trading flexibility and tax efficiency, they also add risk given the sheer volume of products.
With over 4,100 ETFs already on the market, analysts warn as many as 3,000 more ETFs could emerge in the coming years.
Trending: If there was a new fund backed by Jeff Bezos offering a 7-9%…
