SEC Reviews 72 Crypto ETF Applications Amid Growing Market Demand

As of April 22, 2025, the U.S. Securities and Exchange Commission (SEC) is reviewing 72 cryptocurrency-related ETF applications, marking a historic influx of proposals aimed at bringing a wide range of digital assets to traditional investment platforms.

The filings cover major cryptocurrencies like XRP, Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE), as well as lesser-known tokens such as PENGU and MELANIA. XRP leads the pack with 10 filings, while Solana has 5 and both Dogecoin and Litecoin have 3 each. These ETFs include spot products, as well as leveraged and inverse versions.

The surge in applications follows the earlier approval of spot Bitcoin ETFs and reflects the industry’s push for broader regulatory acceptance. With newly appointed SEC Chair Paul Atkins, known for his innovation-friendly stance, many are hopeful that more crypto ETFs could soon receive the green light.

Final decisions on many of these applications are expected around October 2025. If approved, these products could significantly increase institutional participation in the crypto market and help bridge the gap between traditional finance and digital assets.