A total of 72 cryptocurrency-themed Exchange-Traded Funds (ETFs) are currently pending approval from the U.S. Securities and Exchange Commission (SEC), marking a notable surge in the push to integrate crypto assets into mainstream financial markets.
These proposed ETFs cover a wide range of digital currencies, from well-known tokens like Ripple (XRP), Litecoin, and Solana, to more niche assets such as Dogecoin and the 2x leveraged Melania token. The broad spectrum of proposed funds highlights the growing interest among investors and issuers to bridge the gap between traditional financial markets and the volatile world of cryptocurrencies.
Among the companies submitting these applications, many are hopeful that the SEC’s increasingly favorable stance toward crypto, observed this year, will work in their favor. Turtle Capital, a Cayman Islands-based firm, has made waves with ten proposals for leveraged ETFs, including one that focuses on the Melania token.
Bloomberg analyst Eric Balchunas, in an update shared on X (formerly Twitter) on April 21, suggested that 2025 could be a “wild year” for the crypto ETF market, as issuers vie for approval amidst the SEC’s potentially relaxed stance toward crypto investments.
XRP stands out as the most frequently proposed token, with 10 ETF filings. Solana follows closely with five, while both Litecoin and Dogecoin are represented by three each.
This influx of ETF proposals signals growing demand from both retail and institutional investors. ETFs offer a regulated way for investors to gain exposure to cryptocurrencies without the complexities of directly owning the underlying assets.
With so many proposals awaiting decision, the SEC faces a challenging year ahead. Should most of these crypto ETFs gain approval, the resulting developments could mark a significant shift in the cryptocurrency market, with far-reaching implications for both investors and regulators.
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