US to See Influx of Crypto ETFs as Regulatory Clarity Grows
The United States is preparing for a major wave of cryptocurrency exchange-traded funds, better known as ETFs. This comes after the Securities and Exchange Commission (SEC) introduced new rules that make it easier and faster for asset managers to bring crypto investment products to the market. The move is expected to attract both established firms and new players eager to capitalize on the rising interest in digital assets. Until now, launching a crypto ETF was a slow process. Each application had to go through a lengthy review that could take up to 270 days. The new standards eliminate the need…