A massive wave of cryptocurrency exchange-traded funds (ETFs) is preparing to sweep the American markets, awaiting a decision from the U.S. Securities and Exchange Commission (SEC) ⏳.
More than 50 funds are vying to enter the arena, covering a wide range of digital assets, from crypto giants like Bitcoin ⚡ and Ethereum 🔥, to rising market stars like Solana 🌊, Ripple 💧, and Dogecoin 🐶, according to recent reports from Bloomberg.
The major players on the front line include prominent companies such as:
Grayscale, Franklin Templeton, Bitwise, VanEck – all aim to capture a slice of the digital pie 🧁.
Some funds focus on alternative currencies like Cardano 🌿, XRP 🚀, and Solana, reflecting a growing interest from institutional investors in this rapidly evolving sector 📈.
As for the timing of the launch, the existing Bitcoin and Ethereum funds on the New York and Chicago exchanges have set timelines by the end of the year 📅, while other funds are taking a faster route thanks to the 1940 law, which does not require full approval from the SEC ✅.
Among these rapidly advancing funds are ProShares and REX-OSPREY, which include a wide range of assets, from Solana to popular meme coins like Dogecoin.
