SEC Reviews 72 Crypto ETF Applications in Push Toward Broader Market Integration

Apr 22, 2025 12:00 pm Cryptocurrency 727

Key Takeaways:

SEC is considering an unprecedented 72 crypto ETFs covering a broad range of digital assets.

Most ETF submissions have been for XRP, Solana, and Litecoin.

Bitcoin remains dominant, expected to maintain over 80% of crypto ETF market share.

Rise in Applications for ETFs Signals Increased Interest in Crypto

Eric Balchunas, an ETF analyst, announced that the U.S. Securities and Exchange Commission (SEC) is looking over a total 72 crypto-related ETF applications.

Applications include spot ETFs, options products, and leveraged or inverse ETFs. Assets include major cryptocurrencies like XRP, Litecoin (LTC), and Solana (SOL), as well as memecoins like Dogecoin (DOGE) and novel tokens such as a leveraged fund based on the Melania Trump token.

reviews crypto applications toward broader market integration