A significant surge in crypto-related Exchange-Traded Funds (ETFs) is currently underway, with 72 filings awaiting approval from the U.S. Securities and Exchange Commission (SEC). These proposed ETFs span a wide array of cryptocurrencies, including well-known tokens like Ripple (XRP), Litecoin, Solana, Dogecoin, Penguins, and even a 2x leveraged Melania token.
This surge in interest reflects growing demand for crypto exposure in traditional financial markets. A number of these proposals come from various issuers hoping to capitalize on what appears to be a more crypto-friendly stance from the SEC this year. Among the notable submitters is Turtle Capital, a Cayman Islands-based firm, which has filed 10 proposals, including one focused on the Melania token.
Bloomberg analyst Eric Balchunas recently highlighted the surge in ETF filings on X (formerly Twitter), predicting that 2025 could be a “wild year” for the crypto ETF market. Balchunas pointed out that the broad range of tokens covered and the increasing demand from issuers underscore the growing desire to integrate crypto into the regulated financial ecosystem.
The most popular tokens in these ETF filings include XRP, with 10 separate filings, and Solana, which has 5. Litecoin and Dogecoin round out the top four, each with 3 filings.
The increase in ETF filings signals heightened interest from both retail and institutional investors, who view ETFs as a regulated and simplified method of gaining exposure to crypto without directly owning the underlying assets.
As the SEC faces a growing number of proposals, the coming months could bring significant changes to the cryptocurrency landscape—particularly if a majority of these ETFs receive approval. The potential approval of these funds would mark a major step in integrating cryptocurrencies into mainstream financial markets.
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