An analysis conducted by TD Cowen, an investment bank, emphasized the importance of the recent authorization of spot Ethereum ETFs as a significant achievement in the realm of crypto investments. This advancement, which occurred after the approval of Bitcoin ETFs earlier this year, has sparked speculation regarding the impending approval of further cryptocurrency funds. TD Cowen’s research team viewed this relatively prompt authorization, which arrived approximately six months ahead of schedule, as an expected outcome resulting from the prior approval of crypto futures ETFs.
