There is big news - a certain American asset management giant has finally made a statement.

Starting from December 2nd of this year, this well-established institution will launch ETFs and mutual funds primarily investing in BTC, ETH, XRP, and SOL on its own platform. It is worth noting that they have been known for being conservative and have always taken a wait-and-see approach towards crypto products.

This change in attitude is quite clear: as long as they meet regulatory requirements, basically all crypto ETFs and funds will be approved. However, that being said, they themselves do not intend to issue related products, and those meme types... never mind, let's not think about it.

This can be considered a step forward for traditional finance towards digital assets. After all, the fact that such large institutions are changing their stance indicates that the compliance process for mainstream cryptocurrencies is indeed accelerating.