TD Cowen predicts funds tracking a basket of cryptocurrencies may be approved within the next year

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Bitget2024/05/26 01:25

According to Wushuo, investment bank TD Cowen said that after the spot Ethereum ETF is approved, it is expected that funds tracking a basket of cryptocurrencies may be approved in the next year, possibly just Bitcoin and ETH, but possibly more. The approval does not signal a sweeping change in the SEC’s overall attitude toward cryptocurrencies, with the SEC set to maintain a Democratic majority until 2026 and continue prosecuting crypto trading platforms that trade unregistered securities.

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