Crypto ETPs: The SEC’s Big Break, or a Big Fat Scam? 🚀💥

Hold your wallets! 2026 is gonna be the year crypto ETPs go full overdrive-thanks to the SEC finally realizing they’re not in charge of the universe. Bitwise’s Ryan Rasmussen, a man who probably drinks coffee from a Bitcoin mug, says “red tape” is now just a light snack for issuers. Suddenly, 100+ new ETPs could flood the market like crypto confetti at a Wall Street wedding. 🎉

Regulators Finally Get It! (Kind Of) 🤡

The SEC dropped generic listing standards in October, which means no more 19(b) approvals for crypto ETPs. Imagine if getting a permit to open a hot dog stand took 240 days. Now it’s more like… “Here, have a bun and a wiener, enjoy!” 🌭 Thanks, SEC! Now everyone can launch an ETP while you’re still deciding if you want to buy it.

And get this-Fineqia International reports over 300 ETPs already exist. We’re no longer in the Stone Age of crypto. We’re in the Bronze Age of crypto. With a side of confusion. 🤷

LIVE NOW – 10 Crypto Predictions for 2026: $1M BTC, Wall Street Onchain & ETF Takeover@BitwiseInvest’s @Matt_Hougan and @RasterlyRock return with 10 big predictions for 2026.

We get into:

– The $1M BTC case and why the classic 4-year cycle might be dead. 🦖

– A world where ETFs…

– Bankless (@Bankless) December 16, 2025

Institutional Appetite (or Lack Thereof)

Bitfinex analysts warned in August: altcoins won’t rally unless ETFs track them and investors stop being scared of the word “alt.” Easy access? Sure. Strong buying? Only if you’re a robot with a 401(k). Liquidity, investor interest, and use cases still matter. An ETF wrapper won’t turn a meme coin into a Lamborghini. 🚗💨

Rasmussen said issuers can now offer spot crypto, index funds, equity-linked ETPs, smart beta strategies, and momentum plays. Translation: “We’re adding 100 flavors of crypto soup, but only 3 will taste good.” 🍲

He also noted it’s been 15 years since the Winklevoss twins tried to launch a Bitcoin ETF. Today? Only a handful of ETPs are popular. Maybe they should’ve tried selling NFTs of their own faces. 😂

Many New Products, Few Big Winners

Get ready for a flood of ETPs. But don’t expect everyone to win. In the ETF world, 90% of the money goes to the top 10%. Crypto’s probably gonna follow suit: dozens of niche products, but only a few will be rich enough to buy islands. 🏝️

WOW. The SEC has approved Generic Listing Standards for “Commodity Based Trust Shares” aka includes crypto ETPs. This is the crypto ETP framework we’ve been waiting for. Get ready for a wave of spot crypto ETP launches in coming weeks and months.

– James Seyffart (@JSeyff) September 17, 2025

Bloomberg’s James Seyffart says the rule change will trigger a “wave of spot crypto ETP launches.” Translation: “Welcome to the circus, and the clowns are wearing crypto.” 🤹‍♂️

With clearer rules, issuers will compete like they’re at a crypto bake-off. But weak funds? They’ll vanish faster than a Dogecoin price surge. 🐕💸

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2025-12-17 16:11