Investing Insights New Crypto ETFs Are Coming. Here's How Investors Can Prepare
12 snips
Oct 10, 2025 Brian Armour, Director of ETF and Passive Strategies Research at Morningstar, shares insights on the exciting developments in crypto ETFs following recent SEC rule changes. He discusses the potential for new investment options and competitive fee structures in the crypto space. Armour also highlights the speculative nature of cryptocurrencies and why investors should approach them cautiously. Furthermore, he explains the introduction of ETF share classes by Dimensional Fund Advisors and the benefits and risks associated with these new financial instruments.
AI Snips
Chapters
Transcript
Episode notes
Spot Crypto ETF Performance And Structure
- Spot Bitcoin is up about 30% and spot Ethereum about 34% year-to-date in 2025 as of Oct. 8.
- Spot crypto ETFs largely hold underlying assets, so selection hinges on which cryptocurrency you want exposure to.
Treat Crypto As Speculative Risk
- Treat crypto as a speculative, high-risk asset because it produces no income and depends on future buyers.
- Allocate only what matches your risk tolerance and be prepared for large swings.
ETF Share Classes Combine Structures
- An ETF share class lets a mutual fund offer ETF shares within the same fund, sharing holdings and operations.
- Vanguard historically held this for passive funds, and Dimensional is the first active manager approved to add one.