There Are Now More Than 90 Crypto ETFs Pending SEC Approval, Led by XRP and Solana
There are currently 92 applications for cryptocurrency exchange-traded funds (ETFs) pending with the U.S. Securities and Exchange Commission (SEC). Asset managers are seeking to expand beyond Bitcoin and Ethereum to include major altcoins like XRP and Solana, as well as lesser-known tokens. The SEC has delayed decisions on several applications but faces a deadline for at least a dozen in October, with expectations of approvals for coins like Solana, XRP, and Litecoin at 95% odds. Other coins, including Dogecoin and Cardano, have a 90% chance of approval. Some investors believe ETF approvals could drive prices up and increase adoption, while others express skepticism about the longevity of many ETFs due to potential low inflows. The influx of ETF applications indicates a growing integration of cryptocurrencies into traditional financial systems.
