Investment firms are increasingly filing sophisticated crypto ETF applications, moving beyond basic products to include leveraged and actively managed strategies. This shift comes with an expected window for multiple approvals in October, encouraged by recent regulatory precedents for spot Bitcoin and Ethereum ETFs. Firms like 21Shares are leading the charge with innovative offerings such as a 2x Dogecoin ETF and an active crypto fund. Industry experts predict that, despite regulatory caution, there will be significant approval momentum. The uptick in applications also follows adjustments to existing XRP ETF proposals after SEC feedback. However, as new products emerge, analysts caution that actively managed and leveraged ETFs come with higher risks. In tandem, Bitcoin ETFs have experienced considerable outflows, shedding over $1 billion recently, as investors adapt to market volatility ahead of critical economic announcements. This evolving landscape reflects a growing institutional interest and acceptance of cryptocurrency products, indicating a transformative period for crypto investing.

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