Benzinga – The approval of spot Ethereum (CRYPTO: ETH) ETF products may spur the creation of more cryptocurrency-linked investment funds in the near future, according to investment bank TD Cowen.
What Happened: TD Cowen‘s Washington Research Group viewed the approval of Ether ETFs as a marquee event, paving the way for more institutional interest in digital assets, The Block reported.
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Jaret Seiberg from TD Cowen’s Washington Research Group stated, “This comes about six months faster than we expected…yet this decision was also inevitable once the SEC approved cryptocurrency futures ETFs.”
Seiberg further noted that within a year, there might be offerings that include a “basket of cryptocurrency tokens,” potentially just featuring Bitcoin…
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