The new funds are its first crypto products for U.S. customers and will only be available to accredited investors.
The Grayscale Future of Finance exchange-traded fund will list on the London Stock Exchange, Deutsche Börse and Borsa Italiana.
The decisions by three issuers come after the collapse of algorithmic stablecoin UST along with the LUNA ecosystem.
Crypto has gained much adoption and trust over the past two years, but some advisors are still holdouts.
The battle to keep investors engaged and optimistic becomes harder during drawdowns.
Investors opted for a cautious approach during intense volatility on the opening day of three crypto funds.
The SEC to date has approved several futures-based bitcoin ETF products, but has delayed or outright rejected all spot bitcoin ETF applications.
The approval came as the firm used a different exchange act application, which also helped Teucrium get the green light for a similar product.
The new ETFs will track indexes created by Alerian S-Network Global Indexes and Galaxy Digital Holdings.
Cosmos Asset Management’s Bitcoin ETF will be listed on the Cboe trading platform.