TD Cowen: Ethereum ETF paves the way for more cryptocurrency funds
TD Cowen's research team believes that after the approval of Bitcoin, the approval of Ethereum ETF is also inevitable. Jaret Seiberg of TD Cowen's Washington research group wrote in a report that this is six months faster than expected, but once the US Securities and Exchange Commission approves the cryptocurrency futures ETF, this decision is also inevitable. The next product to be launched within a year may be a basket of cryptocurrencies, possibly just Bitcoin and Ethereum, but possibly more. However, this approval does not mean that the SEC's overall attitude towards cryptocurrency has changed, as Gary Gensler, the chairman of the committee who holds a critical attitude towards cryptocurrency, issued a highly critical statement opposing cryptocurrency legislation that could weaken the agency's power.
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