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]

Dave, I want to switch gears a little bit while we have you and note that you have two big developments in two very different parts of the ETF space that could lead to a flood of new products this year. Um, share classes and crypto. Talk me through it.Yeah, well, we'll start with share classes because that happened today. We've got 70 odd mutual fund providers who have been asking the SEC to allow them to make ETF share classes of their traditional old school mutual funds. Dimensional got the first approval ...