EddieJayonCrypto
21 Apr 25
The US Securities and Exchange Commission (SEC) is reviewing 72 crypto-related ETF applications, including spot ETFs and derivatives for assets like XRP, Litecoin, Solana, Dogecoin, and themed funds such as Pudgy Penguins. Proposals include leveraged, inverse, and options trading products, particula...
The US Securities and Exchange Commission (SEC) is currently reviewing 72 crypto-related exchange-traded fund (ETF) applications, including derivatives and themed funds, aimed at broadening digital asset exposure within the US ETF market.These proposed ETFs encompass a range from spot funds targeting altcoins and memecoins such as Solana, Dogecoin, and XRP, to leveraged and inverse products designed for speculative traders. Additionally, options trading products linked to Ethereum and Bitcoin ETFs are also part of the filings.Bitcoin ETFs presently dominate approximately 90% of global crypto fund assets and are projected to maintain about 80-85% market share in the long term, underscoring Bitcoin’s role as the primary institutional gateway into crypto investing.Despite a growing variety of crypto ETFs, Bitcoin’s entrenched dominance is expected to persist, with new approvals broadening the landscape but still centering on Bitcoin-based products.The SEC’s decisions, with regulatory deadlines extending into mid-2025, will significantly influence how traditional finance markets integrate crypto exposure, potentially creating a more diverse ETF market while maintaining Bitcoin as the cornerstone of crypto investment strategies.