The U.S. Securities and Exchange Commission (SEC) is expected to approve an ETF that tracks a broad cryptocurrency index, which is an important milestone for the digital asset ecosystem. These ETFs are designed to provide investors with diversified investment in various cryptocurrencies, reducing the risk of individual assets while capturing overall market growth opportunities. Given that the approval deadline is set for July 2, analysts estimate that the likelihood of these products receiving regulatory approval is as high as 90%, reflecting the SEC's evolving stance on cryptocurrency investment tools.
