More than 50 cryptocurrency exchange-traded funds await approval from the Securities and Exchange Commission
A new wave of cryptocurrency exchange-traded funds is awaiting entry into the U.S. markets, as more than 50 funds await decisions from the U.S. Securities and Exchange Commission.
These funds cover all currencies, from Bitcoin and Ethereum to Solana, Ripple, and Dogecoin, according to the latest Bloomberg figures.
For the big names, the applications come from companies: "Gray Scale" and "Franklin Templeton" and "Bitwise" and "VanEck".
According to the data, the applications for new exchange-traded funds in various currencies such as: (Solana, XRP, Cardano), indicate that the altcoin market may be on the horizon with increasing institutional interest in this sector.
Some investment funds - such as Bitcoin and Ethereum funds traded on the New York Stock Exchange and the Chicago Board Options Exchange - already have year-end deadlines for launch, while other funds - 1940 Act funds - do not require full approval from the U.S. Securities and Exchange Commission (SEC) for their launch, and they are advancing at a faster pace, including ProShares and REX-OSPREY funds, which encompass everything from Solana to meme coins like Dogecoin.
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