Crypto ETFs continue to heat up, 21Shares submits three new applications

Issuers are ramping up the ETF race as 21Shares has just filed for three new products, including an actively managed crypto fund and two leveraged ETFs for Dogecoin and SUI. This move comes as the market awaits greater clarity from the SEC, with hopes that Solana ETFs and many other crypto assets could be approved in October.

As of August 13, the total assets under management (AUM) of crypto investment products reached 244 billion USD, a record high.