SEC to allow ETF share classes: Implications for the industry

Group 1: ETF Developments - The SEC has approved ETF share classes for traditional mutual funds, with Dimensional being the first to receive approval [2] - Approximately 70 mutual fund providers are expected to quickly follow suit, leading to a significant increase in the number of ETF products available to investors [3] - This change will result in numerous new tickers for investors to consider, primarily expanding the product offerings in the ETF space [3][4] Group 2: Crypto Product Expansion - The SEC has also approved generic listing standards for spot cryptocurrencies, such as Bitcoin and Ethereum, paving the way for new crypto-oriented products [5] - Within the next 60 to 90 days, a dozen or more new products tracking various cryptocurrencies, including lesser-known coins, are anticipated to be launched [5] - These regulatory changes are expected to create a surge in new investment products for both the ETF and crypto markets, indicating a dynamic period for investors [6]