92 Crypto ETFs Now Await SEC Approval with Solana, XRP Leading Applications

A complete of 92 crypto exchange-traded funds (ETFs) are presently awaiting evaluation from the U.S. Securities and Alternate Fee (SEC), in response to latest information from Bloomberg Intelligence, which cites ETF analyst James Seyffart.

On August 28, Seyffart published an in depth spreadsheet through X (previously Twitter) outlining these pending ETF purposes, with the bulk going through remaining deadlines in October, notably these centered on Solana, XRP, and Litecoin.

The submission price for brand spanking new purposes has intensified over latest months, which may herald capital into the crypto market and probably mark the start of an altseason rally.

Solana and XRP Lead Crypto ETF Race

Amongst various cryptocurrencies (altcoins), Solana and XRP presently lead the checklist of purposes.

In response to analyst James Seyffart’s information, Solana presently leads with eight pending ETF purposes, adopted carefully by XRP, which has seven purposes underneath evaluation.

These two digital belongings characterize probably the most sought-after crypto investments past Bitcoin (BTC) and Ethereum (ETH).

Bloomberg Senior ETF Analyst Eric Balchunas beforehand reported on April 21 that 72 crypto-related ETFs had been into account by the SEC at the moment.

The present depend of 92 represents an addition of 20 new purposes over simply 4 months.

Equally, the present pipeline encompasses proposals concentrating on not solely Solana and XRP publicity but additionally numerous different altcoins, complemented by three ETFs tied to Bitcoin and Ethereum.

Business giants Grayscale and 21Shares are among the many companies presently within the SEC approval pipeline, each pursuing authorization for Ethereum staking ETFs.

Liquid staking acquired some clarity earlier this month when the SEC indicated that these operations fall exterior its direct regulatory jurisdiction.

Grayscale is concurrently working to transform 5 current trusts into ETF constructions, together with three publicly traded funds and two non-public trusts.

These conversions would supply ETF entry to Litecoin, Solana, Dogecoin, XRP, and Avalanche.

In a separate put up, Seyffart highlighted 21Shares’ latest S-1 registration submitting with the SEC for spot SEI exchange-traded funds.

In response to the Thursday submission, the proposed 21Shares SEI ETF would monitor the CF SEI-Greenback Reference Charge in USD, if authorised.

Knowledgeable Opinion on Crypto ETFs Flooding the Market

The pending SEC choices carry vital implications for altcoin markets, which is a main concern for merchants and institutional buyers.

Andrew Jacobson, VP and International Head of Authorized at 21Shares, observed a shift in market dynamics, stating that whereas being “first to file ETFs was once cool again when it began in 2024”.

The main focus has now moved towards product innovation, particularly these integrating DeFi capabilities to TradFi audiences.

Bloomberg Intelligence senior ETF analyst Eric Balchunas remarked on the rising pipeline, suggesting that “fairly quickly there can be extra crypto ETF filings than shares.”

Ray Youssef, CEO of NoOnes, not too long ago shared with Cryptonews his expectation that main cryptocurrencies, comparable to SOL, XRP, and BNB, will appeal to structured capital investments as a consequence of their established infrastructure and real-world adoption potential.

Youssef emphasised that market evolution will favor tasks with real utility, predicting that “solely the strongest tasks with actual utility and worth would survive the following market part.”

Whereas “speculative-driven tokens with out utility are going to start to fade into irrelevance within the coming months.”

Concerning Solana particularly, Youssef highlighted the potential for vital affect from a spot ETF launch, noting that Solana treasury firms are lining up funds working into tens of billions to build up SOL.

Present prediction markets replicate robust optimism for approval prospects.

On Polymarket, the odds of Solana ETF approval earlier than the tip of 2025 have surged to 99%, a considerable improve from 72% in Might.

XRP maintains the second-highest approval chance at 87% on Polymarket, climbing from 64% on August 6.

Notably, Dogecoin stands as the one speculative memecoin with favorable approval odds, presently at 82%, almost double the 44% it was in June.

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