Bloomberg analyst Eric Balchunas has estimated that there are a whopping 72 cryptocurrency-related exchange-traded fund (ETF) filings.
The Ripple-linked XRP token is, after all, the highest candidate for getting a spot-based exchange-traded fund (ETF) in the U.S. A slew of such names as Grayscale, Bitwise, and Wisdomtree are vying to launch XRP-tied merchandise.
Solana SOLUSD can be neck-and-neck with XRP, with a complete of 11 flings. Notably, SOL additionally has a submitting from mutual fund big Constancy.
Litecoin (LTC) and Cardano ADAUSD are additionally possible candidates to get their ETFs accredited by the brand new SEC administration.
There are additionally extra unique ETF filings for such tokens as Dogecoin DOGEUSD, Pepe
PEPEUSDT, SUI, and so on.
The plethora of filings should be reviewed by incoming SEC boss Paul Atkins, whose nomination was confirmed by the U.S. Senate earlier this month.
Balchunas believes that 2025 might be “wild” for cryptocurrency ETF choices.