The US Securities and Exchange Commission (SEC) currently revised 72 crypto -related exchange -related fund (ETF) requests, according to Data shared By Bloomberg senior ETF analyst Eric Balchunas on April 21.
The archives cover assets ranging from XRP, Litecoin (LTC) and Solana (SOL) to memecoins such as Dogecoin (Doge) and theme funds linked to internet culture, such as Pudgy Penguins.
Distribution potential
The archives, detailed in a table compiled by Bloomberg ETF analyst James Seyffart, reflect a broad industrial effort to bring a wide range of digital assets to the American ETF market.
Some proposals include spot ETFs for Solana, Dogecoin and XRP, and livered and reverse products bound to Solana and XRP derivatives.
In addition, Empenten are looking for approval to offer options that trade on newly launched or proposed crypto ETFs, in particular that linked to Ethereum (ETH) and Bitcoin (BTC).
Balchunas too compared The effect of ETF approval on a band that has access to important music streaming services.
He said:
“If you get Munt ETF sizier, it is as if you are in a band and your songs are added to all streaming services for music streaming. Does not guarantee that listening, but it places your music where the vast majority of the listeners are.”
The archives include a wide range of strategies that go beyond traditional spot bitfs.
Various issues, including Proshares and Tuttle Capital, have suggested that Livered, Inverse and Thematic products are looking for speculative traders and those who are looking for tailor -made exposure to crypto price movements.
The Dominance of Bitcoin is expected to continue
Although the inflow of Altcoin and Memecoin-related funds can broaden the crypto ETF landscape, the projection that Bitcoin will maintain his dominance within the segment.
According to Balchunas, Bitcoin ETFs account For about 90% of the worldwide assets of the Crypto Fund. Even if many new products reach the market, Bitcoin is expected to retain an impressive share, probably between 80% and 85% in the long term.
The observation reflects the deep -rooted position of Bitcoin as the primary institutional access point in the cryptomarket. The hanging approvals can create a more diverse, yet Bitcoin-Centraled ETF market.
The upcoming decisions of the SEC, which many deadlines extend to mid-2025 have will determine how broad traditional financing markets integrate crypto-blot up.
