Despite approving Bitcoin ETFs, the SEC maintains a cautious stance on cryptocurrencies, emphasizing the risks involved. The approved ETFs include well-known funds such as the Grayscale Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund, among others. The SEC's focus in approving these ETFs was on the significant correlation between spot BTC prices and CME BTC futures prices, relying on CME's surveillance to effectively detect manipulation. It's important to note that the SEC's approval does not extend to ETH funds, AVAX funds, Solana funds, or any single or multiple-crypto-asset funds. The Guardian on SEC's Bitcoin ETF approval