tion: title: Firms Are Now Waiting to Hear Back on 72 Active Applications for New Crypto-Related Exchange-Traded Funds (ETFs)

The U.S. Securities and Exchange Commission (SEC) is currently reviewing 72 active applications for new crypto-related exchange-traded funds (ETFs), according to a recent report by Bloomberg Law.

ETFs are a type of investment fund that trade on stock exchanges like individual stocks. They provide a way for investors to gain diversified exposure to a specific asset class, such as equities, bonds, or, in this case, cryptocurrencies.

The applications, which were compiled by ETF analyst James Seyffart at Bloomberg Intelligence, span a wide range of crypto assets, including Solana (SOL), XRP, Sui (SUI), Litecoin (LTC), Axelar (AXL) Hedera (HBAR), BNB, Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).

Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum (ETH), assets that have already been approved for inclusion in other spot ETFs.

While several altcoin ETFs could be coming to market this year, Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, says that BTC ETFs will likely remain dominant.

“No Second Best? Bitcoin ETFs command 90% of all the crypto fund assets globally. While a TON of alt/meme coin ETFs are likely going to hit market this year, they will only make a minor dent, Bitcoin likely to retain at least 80-85% share long-term.”

The post US SEC Has 72 Active Applications for New Crypto ETFs From Solana, XRP, STI, Litecoin, Axelar, Hedera, BNB-69 and More Pending Approval appeared first on CryptoNewsNet.

The U.S. Securities and Exchange Commission (SEC) is currently reviewing 72 active applications for new crypto-related exchange-traded funds (ETFs).

ETFs are a type of investment fund that trade on stock exchanges like individual stocks. They provide a way for investors to gain diversified exposure to a specific asset class, such as equities, bonds, or, in this.

The applications, which were compiled by ETF analyst James Seyffart at Bloomberg Intelligence, span a wide range of crypto assets, including Solana (SOL), XRP, Sui (SUI), Litecoin (LTC), Axelar (AXL) Hedera (HBAR), BNB, Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).

Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum (ETH), assets that have already been approved for inclusion in other spot ETFs.

While several altcoin ETFs could be coming to market this year, Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, says that BTC ETFs will likely remain dominant.

“No Second Best? Bitcoin ETFs command 90% of all the crypto fund assets globally. While a TON of alt/meme coin ETFs are likely going to hit market this year, they will only make a minor dent, Bitcoin likely to retain at least 80-85% share long-term.”

The post US SEC Has 72 Active Applications for New Crypto ETFs From Solana, XRP, STI, Litecoin, Axelar, Hedera, BNB-69 and More Pending Approval appeared first on CryptoNewsNet.