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

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.