A complete of 72 cryptocurrency-related exchange-traded funds are presently awaiting approval by the U.S. Securities and Alternate Fee, in line with Bloomberg ETF analyst Eric Balchunas.
What Occurred: These pending applications span a variety of crypto belongings, together with mainstream tokens like Bitcoin BTC/USD, Ethereum ETH/USD, XRP XRP/USD and Solana SOL/USD, in addition to meme cash akin to Dogecoin DOGE/USD and themed funds like “2x Melania.”
The ETFs cowl varied classes together with spot merchandise, leveraged and inverse ETFs, staking-based funds and by-product constructions akin to futures and choices.
Merchandise tied to Bitcoin and Ethereum stay the commonest, however filings additionally embrace funds concentrating on Avalanche AVAX/USD, Polkadot DOT/USD, Aptos APT/USD, Hedera HBAR/USD, Chainlink LINK/USD and others.
From the shared submitting dashboard, key asset managers with pending functions embrace Grayscale, Bitwise, ProShares, VanEck, 21Shares, CoinShares, Tuttle Capital and Canaray.
Tickers akin to “BITW,” “GBTC,” and “SOLZ” present a number of pending deadlines in 2025.
Additionally Learn: XRP Leads, Ethereum Bleeds As Crypto Investment Products See $6 Million In Inflows
What’s Subsequent: Bitwise’s Solana ETF has a remaining SEC choice deadline set for July 23, whereas Grayscale’s Litecoin Belief should clear a second deadline by June 15.
ProShares has additionally filed for a number of double-leveraged or inverse Solana and XRP ETFs, with tentative choice dates listed by way of Could and June 2025.
Lots of the ETF proposals additionally fall beneath Rule 19b-4 of the Securities Alternate Act, requiring formal SEC rule adjustments for itemizing.
Some filings are marked beneath the Funding Firm Act of 1940 (’40 Act), which governs mutual funds and ETFs involving derivatives and leverage.
Notably, no remaining approvals are indicated for any of the crypto-themed ETFs listed past current spot Bitcoin merchandise.
Bloomberg analyst Eric Balchunas acknowledged, “There are actually 72 crypto-related ETFs sitting with the SEC awaiting approval to record or record choices. The whole lot from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and all the things in between. Gonna be a wild yr.”
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