Ethereum and Bitcoin are currently the only two cryptocurrencies with spot crypto ETFs. That is a key selling point with institutional investors, who are using these ETFs as a way to get exposure to the crypto market.

The third largest cryptocurrency is nearing record highs after the SEC and Ripple Labs apparently agreed to end long-simmering legal disputes. XRP is the third-largest cryptocurrency by market cap—or the total value of all its coins—which currently stands at just over $196 billion,

The U.S. government previously rescinded the Biden administration's advice to approach such investments with extreme caution.

The order is expected to direct the Labor Department to work with the Treasury and the Securities and Exchange Commission to see which regulations need to be changed.

Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments