When it comes to the new crypto ETFs, buyer beware.

The launch of spot Bitcoin ( BTC 0.70% ) exchange-traded funds (ETFs) in January 2024 was arguably one of the most successful in recent memory for Wall Street. All told, more than $150 billion has now flowed into these spot Bitcoin ETFs .

So it's perhaps no surprise that Wall Street is now preparing an onslaught of new crypto ETFs, especially now that the SEC has streamlined the process for crypto ETF listings. According to some estimates, as many as 100 new crypto ETFs could be on the way during the next six to 12 months.

But how many of these new ETFs will actually be worth buying? To answer that question, it's helpful to come up with a few common sense rules.

Focus on cryptocurrencies that institutional investors are bu

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