The first cryptocurrency ETF is approved, regulators open channels

The Securities and Exchange Commission (SEC) approved the first ETF covering a wide range of cryptocurrencies, covering Bitcoin, Ethereum, Solana, Ripple and Chainlink, and tracks market cap-weighted indexes. The fund is regulated to provide diversified cryptocurrency investments, with institutional and retail investors showing strong demand before issuance. This approval is expected to enhance market stability under strict compliance and monitoring by regulators and encourage further innovation in crypto financial products.