155 Crypto ETF Applications Await Approval in the US, Led by Bitcoin and Solana
According to Jinse Finance, citing Bloomberg, as of October 20, there have been 155 cryptocurrency-based Exchange Traded Product (ETP) applications in the United States, covering 35 digital assets. Among them, Bitcoin and Solana each have 23 applications, XRP has 20, and Ethereum has 16. Although the approval process was delayed by the U.S. government shutdown that began on October 1, industry experts remain optimistic that approval is imminent. Recently, issuers have actively submitted 2x and 3x leveraged ETFs as well as products with staking mechanisms, reflecting a “land grab” trend in the crypto ETF market. Analysts point out that investors prefer to diversify their investments in emerging digital assets through index and actively managed ETFs, rather than single tokens. Since the launch of spot Bitcoin and Ethereum ETFs in January and July 2024, BTC ETF assets under management have reached nearly $150 billions, while ETH ETF assets are about $24 billions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stable mainnet officially launched, uses USDT to pay for gas and issues governance token STABLE
Data: Jeffrey Huang increases 25x leveraged ETH long position to 5,000 coins, now turning a profit
Bitget has launched USDT-margined STABLE perpetual contracts with a leverage range of 1-25x.
Bernstein: Bitcoin Has Broken the Four-Year Cycle Pattern, This Bull Market May Reach a Peak of $200,000 in 2027
