Last week, the SEC approved rule changes that are likely to further result in an even greater supply of cryptocurrency related exchange traded products. In January 2024, the first wave of spot bitcoin ETFs began trading in the U.S. Demand for these products was stronger than many expected, including me. Six months later, the first spot ethereum ETFs emerged. They, too, have garnered interest. Soon after there were options-based ETFs providing bitcoin exposure. In mid-September 2025, with the support of relatively new leadership at the SEC, the next leg of the crypto race began. “By approving these generic listing ... (full story)