Spot crypto ETFs focused on assets beyond bitcoin and ether would only have a quick path to launch if the current precedent changes. 

In other words, the Securities and Exchange Commission would need to see a regulated futures market — and a correlation between that and the spot market — before approving ETFs that hold crypto directly.

The regulator approved spot bitcoin ETFs in January. It then last week approved 19b-4 proposals from the exchanges on which spot ether ETFs would launch — one step toward their trading in the future. 

Read more: Digesting the ETH ETF decision: What it means and what comes next 

Though the latest action spurred optimism around potential future…

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