More than 40 digital currency ETFs await US regulatory approval

Competitors are quickly following suit after the first U.S.-based Bitcoin ETF debuted earlier this month.

Fund managers appear to be scrambling to match demand from investors as major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) teeter around record price levels. According to a Bloomberg Terminal screenshot taken by Bloomberg Intelligence analyst James Seyffart, over 40 cryptocurrency exchange-traded funds, or ETFs, are now awaiting listing in the United States.

The source indicated that four have already been approved by the Securities Exchange Commission, the most notable of which is the Ark 21Shares Bitcoin ETF, created in a joint effort by 21 Shares and ARK Invest.

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