TD Cowen, an investment bank, recently released a report emphasizing the groundbreaking nature of the recent approval of spot Ethereum ETFs in the realm of cryptocurrency investments. This important milestone comes on the heels of the earlier approval of Bitcoin ETFs, leading to widespread speculation regarding the upcoming approval of further crypto funds. Surprisingly, this approval arrived much sooner than anticipated, approximately six months ahead of schedule, prompting TD Cowen’s research team to view it as an inevitable outcome resulting from the prior approval of crypto futures ETFs.
