Crypto companies are now waiting to hear back on 72 active applications for new crypto-related stock marketed funds (ETF).
James Seyffart, an ETF analyst at Bloomberg Intelligence, compiled The list of posts to US Securities and Exchange Commission (SEC).
ETFs waiting for approval includes funds bound to Soana (Solar, XRP (XRP, Sui (Sui, Litecoin (LTC, Axes (Axis) Ivy (Hbar, BNBCardano (Ada), Avalanche (Avax), Dogecoin (DOGE), Polkadot (POINT), Fit (PRONE), ChainLink (LINK), Pudgy penguins (Panties), Official Trump (TRUMP), Melania (Melania) and Bonk (Bonk).
Other potential new ETFs are tied to a basket with currencies, and some are based on bitcoin (BTC) and/or ethereum (Ethics), assets that have already been approved for inclusion in other Spot ETFs.
Eric Balchunas, Senior ETF analyst at Bloomberg Intelligence, predict that BTC ETFs will remain dominant regardless of the number of altcoin funds approved.
“No second best? Bitcoin ETFS commands 90% of all crypto fund assets globally. While lots of ALT/MEME coins ETFs are likely to hit the market this year, they will only make a smaller buck, bitcoin likely to retain at least 80-85% shares in the long term.”
SEC Greenbelit The first site market Bitcoin ETF in January 2024, which gives billions of dollars inflow value to the best digital asset with market value, and the controller thereafter approved Ethereum ETFS for trade in July last year.
Image: Shutterstock/Don White – Art Dreamer/Vladimir Sazonov
