Bitcoin (BTC-USD) surpassed $100,000 per coin for the first time ever on Wednesday evening, sparking a rally in the cryptocurrency.

The latest surge in Bitcoin came after President-elect Donald Trump appointed Paul Atkins as chairman of the Securities and Exchange Commission. Atkins is considered a crypto-friendly choice for this position.

Bitcoin, the world’s largest cryptocurrency, is up more than 40% since the election. However, other crypto tokens experienced an even more aggressive rally. Ethereum (ETH-USD) is up nearly 60%, while smaller tokens like Ripple (XRP-USD), Cardano (ADA-USD), and Dogecoin (DOGE-USD) are up triple digits.

Andrew Baehr, head of product at CoinDesk Indices, told Yahoo Finance that the bigger move is likely with smaller cryptocurrencies because they face more regulatory hurdles than Bitcoin, which already has ETFs tied to it.

“The other assets depend more on regulatory requirements,” said Baehr. “Think about things like smart contracts, stablecoins, the future of finance, Web3, things that will change our lives in the future: they need the regulatory route.”

Baehr added that for regular investors seeking low crypto exposure across broad portfolios, this does not mean buying into the risky rally of smaller coins is the way to go.

“You really have to be in the weeds to track down (the smaller coins),” Baehr said. “And the timing is almost impossible.”