72 crypto ETFs are awaiting SEC approval, from altcoins to memecoins

Crypto ETF issuers are jumping on every opportunity, hoping to rob perfect thing a pair of extra crypto-friendly SEC.

This year, the U.S. Securities and Alternate Price can maintain its hands elephantine with ETF applications. On Monday, April 21, Bloomberg analyst Eric Balchunas pointed out that 72 crypto alternate-traded funds are for the time being gazing for approval.

The list entails altcoins, NFT tokens, memecoins, as effectively as a leveraged fund that bets on the Melania Trump token. The Melania 2x fund is one of ten leveraged memecoin and altcoin funds by Turtle Capital, registered in the Cayman Islands. Attributable to the different of these filings, Balchunas predicted a “wild year” for crypto.

“There are now 72 crypto-connected ETFs sitting with the SEC gazing for approval to list or list alternatives. The whole lot from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year.”

XRP leads with ETF filings

While the list of ETF filings is numerous to relate the least, there are clear leaders in the apartment. Notably, altcoins luxuriate in XRP (XRP), Solana (SOL), and Litecoin (LTC) are in the lead by arrangement of the different of particular person filings. Namely, by April 15, there maintain been 10 particular person filings for XRP and five for Solana. As a pair of of the biggest altcoins in the marketplace, they’ve attracted institutional attention.

Altcoins by different of ETF filings | Source: Kaiko

At the the same time, Litecoin and Dogecoin (DOGE) were tied in third scheme, with three ability issuers. Both of these tokens maintain the profit of their decentralization, whereas Doge also obtained mainstream attention attributable to its affiliation with Elon Musk.

ETFs are turning into a key fable for crypto adoption as they give a extra effective arrangement for both retail and institutional merchants to fabricate exposure to digital sources. In must maintaining the sources at once, the fund holds underlying sources, whereas also having to adhere to stringent regulatory necessities over its custody.