The U.S. Securities and Exchange Commission (SEC) is facing a wave of new crypto exchange-traded fund (ETF) filings, even as a prolonged government shutdown stalls decisions and leaves dozens of products in limbo. At least five new crypto ETFs landed on the SEC’s desk this week alone, showing the growing rush among asset managers to secure approval before the year ends. But with the agency operating under skeletal staffing due to the shutdown, now in its fourth week, nearly all reviews have come to a sta ...

Among the veteran investors, nobody can point fingers at Cathie Wood for not taking enough risks. After all, her investment firm ARK Invest regular scoops up shares of major crypto companies. Wood is very bullish on Bitcoin's future, predicting a $1.5 million price for the king coin. Now, as the spot exchange-traded funds (ETFs) linked to Bitcoin have received an invigorated response in the wake of Federal Reserve Chair Jerome Powell's dovish comments on interest rate cuts, Wood didn't want to be left be ...