#AltcoinETFsPostponed Ethereum Under Control

A Flood of Files

By 2025, the U.S. Securities and Exchange Commission received applications for licensing dozens of exchange-traded funds for alternative cryptocurrencies to be listed in the United States. As of April 21, there were nearly 70 cryptocurrency exchange-traded funds awaiting review by the agency.

Bloomberg analyst Eric Balchunas stated in a post on April 21 on platform X: "Asset managers propose funds containing everything from XRP and Litecoin to Solana and Penguins and Doge and 2x Melania and everything in between."

This flood of proposals comes at a time when U.S. President Donald Trump is urging the Securities and Exchange Commission to take a more lenient stance toward cryptocurrencies.

However, analysts warn that investor interest in alternative cryptocurrency exchange-traded funds may be lukewarm compared to funds that hold core cryptocurrencies like Bitcoin.

Bitcoin

$94,889

and Ethereum

Ethereum

$1,805

.

Balchunas said: "Getting your coin an exchange-traded fund is like being in a band and having your songs added to all the music streaming services."

"It doesn’t guarantee listens, but it puts your music where the vast majority of listeners are."

Despite the adoption of exchanges