according to the website - By Cointelegraph

Currently, at least 92 cryptocurrency exchange-traded products are awaiting decisions from the U.S. Securities and Exchange Commission.

Solana (SOL) and XRP (XRP) are the most sought-after crypto assets: there are eight ETF applications under review for SOL and seven for XRP, according to new data from Bloomberg Intelligence analyst James Seyffart.

Eric Balchunas, a senior ETF analyst at Bloomberg, reported on April 21 that 72 cryptocurrency ETFs are under review by the Securities and Exchange Commission (SEC), indicating that 20 more ETF applications have been submitted in the last four months.
Three pending ETFs offer investments in bitcoin (BTC) or ether (ETH), while the others target various altcoins.
The list also includes 21Shares and Grayscale, which are seeking approval for their ETFs for ether staking. Earlier this month, the Securities and Exchange Commission (SEC) clarified that certain activities related to staking liquid assets fall outside its jurisdiction.
Meanwhile, Grayscale plans to convert five of its trusts into ETFs, including three public funds and two private funds. The conversion includes funds offering investments in Litecoin, Solana, Dogecoin, XRP, and Avalanche.

"Look at all the crypto ETF applications... What I mean when I say, 'the flood of crypto ETFs is coming soon,'" said Nate Geraci, president of NovaDius Wealth Management.

On Monday, Bitfinex analysts noted that altcoins will not see broader growth until more crypto ETFs are approved.

The global asset management company BlackRock currently dominates the crypto ETF category.

According to Farside Investors, the net inflow of funds into the iShares Bitcoin Trust ETF (IBIT) since its inception has reached $58.28 billion, while the iShares Ethereum Trust ETF (ETHA) has seen $13.12 billion.

A report published on Wednesday indicates that ETHA may soon surpass Coinbase and become the largest holder of ETH.
Meanwhile, the IBIT fund now owns more than 3% of the total volume of bitcoins.

Notably, BlackRock now earns more fees annually from its IBIT fund than from its flagship S&P (IVV) iShares Core S&P 500 ETF, as the expense ratio of IBIT is 0.25%, while the expense ratio of IVV is significantly lower at 0.03%.


$XRP, $BNB, $SOL

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