Ether ETFs open door for other crypto funds: TD Cowen

It is stated that Ether ETFs, which were almost hastily accepted by the SEC last week, are now unlocked for other crypto funds. Analysts at financial services company TD Cowen state that although the SEC's perspective on cryptocurrencies has not changed, it is only "a matter of time" for even basket funds created by various coins to be approved.

TD Cowen, a US-based financial services firm, stated that the approval of Ether ETFs paves the way for many more crypto funds. The research unit of TD Cowen, a subsidiary of TD Bank Group with $15 billion in assets under management, commented in its latest report that it is now “a matter of time” for the SEC to approve many other crypto funds.