72 Cryptocurrency ETFs Await SEC Approval! Will SOL, XRP, and even Meme Coins 'Get Approval'?

The U.S. SEC is facing pressure to approve 72 cryptocurrency ETFs, covering a diverse range of types including mainstream coins, Meme coins, and leveraged funds. Bloomberg analyst Eric Balchunas revealed that the application list includes:

- Mainstream Coins: Bitcoin, Ethereum, Ripple (XRP), Solana (SOL)

- Popular Meme Coin: Dogecoin (DOGE)

- Thematic Funds: Alternative products like '2x Leveraged Melania'

**Key Details:**

1. Product Types: Spot, Leveraged/Inverted ETFs, Staking Derivatives, etc.

2. Key Applicants: Grayscale (GBTC), Bitwise, VanEck, and other institutions

3. Timeline:

- Bitwise's Solana ETF final decision date: July 23

- Grayscale Litecoin Trust second approval deadline: June 15

- ProShares Double Leveraged SOL/XRP ETF expected results in May-June 2025

**Current Progress:**

All applications are pending approval, and the SEC has not yet given the green light to any cryptocurrency ETF other than the spot Bitcoin ETF. Analysts predict that if some are approved, the cryptocurrency market may experience a new round of structural changes in 2025.