Crypto ETF issuers are leaping on each alternative, hoping to benefit from a extra crypto-friendly SEC.
This 12 months, the U.S. Securities and Alternate Fee can have its palms full with ETF functions. On Monday, April 21, Bloomberg analyst Eric Balchunas identified that 72 crypto exchange-traded funds are at present ready for approval.
There at the moment are 72 crypto-related ETFs sitting with the SEC awaiting approval to checklist or checklist choices. All the pieces from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and all the things in between. Gonna be a wild 12 months. Nice roundup from @JSeyff pic.twitter.com/IHTqqxeH35
— Eric Balchunas (@EricBalchunas) April 21, 2025
The checklist consists of altcoins, NFT tokens, memecoins, in addition to a leveraged fund that bets on the Melania Trump token. The Melania 2x fund is one in all ten leveraged memecoin and altcoin funds by Turtle Capital, registered within the Cayman Islands. As a result of variety of these filings, Balchunas predicted a “wild 12 months” for crypto.
“There at the moment are 72 crypto-related ETFs sitting with the SEC awaiting approval to checklist or checklist choices. All the pieces from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and all the things in between. Gonna be a wild 12 months.”
XRP leads with ETF filings
Whereas the checklist of ETF filings is numerous to say the least, there are clear leaders within the area. Notably, altcoins like XRP (XRP), Solana (SOL), and Litecoin (LTC) are within the lead in terms of the variety of particular person filings. Particularly, by April 15, there have been 10 particular person filings for XRP and 5 for Solana. As a number of the largest altcoins in the marketplace, they’ve attracted institutional consideration.
Altcoins by variety of ETF filings | Supply: Kaiko
On the identical time, Litecoin and Dogecoin (DOGE) have been tied in third place, with three potential issuers. Each of those tokens profit from their decentralization, whereas Doge additionally gained mainstream consideration because of its affiliation with Elon Musk.
ETFs have gotten a key narrative for crypto adoption as they provide a better means for each retail and institutional buyers to realize publicity to digital property. As a substitute of holding the property instantly, the fund holds underlying property, whereas additionally having to stick to stringent regulatory necessities over its custody.
Learn extra: Q&A with Figment: Inside the brand new TSX Solana staking ETF (SOLQ)
