The US SEC is reviewing a total of 72 cryptocurrency ETF applications, ranging from altcoins like XRP and Solana to memecoins like Dogecoin and Pudgy Penguins. The review of these applications marks an important step that could revolutionize institutional investment in crypto assets in 2025.
Among the crypto ETF proposals are funds based on established altcoins such as XRP, Solana, Cardano, Avalanche y Litecoin, as well as in popular memecoins like Dogecoin, TRUMP y Melania and thematic tokens such as pudgy penguinsThis is a wide variety of applications that reflects the growing interest of the traditional financial sector in diversifying its exposure to cryptoassets beyond Bitcoin and Ethereum.
Bloomberg ETF analysts Eric Balchunas and James Seyffart shared a list of the names and tickers of all the crypto ETFs on the SEC's radar, awaiting potential regulatory approval. The experts emphasize that the SEC's review of these applications comes amid greater regulatory openness, following the previous approval of Bitcoin and Ethereum spot ETFs, and anticipating a wild year in 2025.
YOUR GATEWAY TO CRYPTOA massive review of 72 crypto ETF applications
According to Balchunas, the SEC initiated, during the first quarter, an intensive review of a total of 72 requests related to cryptocurrency ETFs. This number represents an unprecedented volume and reflects the growing interest of institutional investors in diversifying their exposure to cryptocurrencies and digital assets through regulated instruments accessible in traditional markets.
In addition to a wide range of crypto assets, these applications also include a wide variety of proposals, ranging from spot ETFs to derivatives, leveraged funds, and even options on ETFs linked to the market's leading cryptocurrencies.
The review process for these fund applications is detailed and rigorous. Typically, including the phases required by Forms S-1 and 19b-4, the SEC evaluates key aspects such as investor protection, risk management, custody of the underlying assets, and the prevention of potential market manipulation. Furthermore, it can extend review periods by up to 240 days to ensure due diligence and regulatory compliance. This partly explains why, despite high interest, the approval of these ETFs has remained on hold until now.
Additionally, it is important to contextualize that this review process is taking place amid a structural change in the agency's leadership and the current regulatory framework. Following the historic approval of the first Bitcoin and Ethereum ETFs in 2024, the SEC has been cautious, though open, to expanding the range of cryptocurrencies available in traditional investment vehicles. Amid all this, Paul Atkins, considered an innovative leader, is expected to take over as SEC chairman this week, officially replacing Gary Gensler, who is perceived as an obstacle to the development of the crypto industry.
TRADE WITH SOLANA ON BIT2MEInvestors have an appetite for altcoins and memecoins
The range of cryptocurrencies included in these 72 applications is broad and reflects different trends and strategies within the crypto segment. Among the most represented altcoins are XRP, Solana, Litecoin, Cardano, chainlink, Avalanche, Hedera, Tron, Sui, Aptos y Polkadot, assets with a strong technological foundation and robust ecosystems. These cryptocurrencies are considered by many to be solid options for long-term investment and sustained growth, which explains their presence in multiple spot ETF offerings.
At the same time, fund managers have included popular cryptocurrencies with strong and active communities in their ETF applications, from memecoins like Dogecoin, Shiba Inu, Bonk, TRUMP y Melania, to iconic tokens of internet culture, such as pudgy penguinsAll of these requests demonstrate how the crypto market is evolving toward the inclusion of assets with a strong community and cultural component. While previously perceived as speculative and volatile, these assets are now attempting to integrate into the institutional landscape through regulated vehicles such as ETFs.
For experts, this phenomenon is driven by diversification and the inclusion of themes and assets that appeal to different types of investors. Not only the most conservative, but also those with an appetite for innovation and the emerging crypto culture.
BUY BONK ON BIT2MEFurthermore, the potential inclusion of trading options in these newly requested ETFs and linked derivative products adds an additional level of sophistication and enables more complex strategies that have previously been limited to digital assets in regulated markets.
This diverse mosaic of cryptoassets and innovative products It also reflects the maturation of the crypto market., which is no longer a one-time opportunity, but rather a broad and segmented field where institutions can find various windows to enter and operate with a diverse range of instruments tailored to their preferences and needs.
Waiting for the SEC's approval of Atkins
As mentioned, the crypto community is hoping that Paul Atkins's term at the SEC will be more favorable to cryptocurrencies than Gensler's, anticipating a potential mass approval of many, if not all, of these 72 crypto ETFs. If this happens, this would have a far-reaching impact on the financial markets in the United States and globally. First, it would allow for regulated and formal access to cryptocurrencies that until now have been primarily accessible through decentralized platforms or crypto exchanges, such as Bit2Me.
The integration of these cryptocurrencies into regulated financial vehicles would represent a step toward legitimizing and standardizing the sector. For institutional investors, having certified and supervised ETFs will provide greater confidence and guarantees, reducing legal, fiscal, and operational barriers to including crypto assets in their portfolios.
BUY DOGECOIN (DOGE) HEREFor example, the SEC already approved the first Bitcoin and Ethereum spot ETFs in 2024, paving the way for significant growth in institutional investment in these digital assets. This decision created a precedent that now extends to new cryptocurrencies with varied characteristics and risks. If the SEC greenlights these funding applications, it is estimated that it could increase the liquidity of these digital assets, reduce their structural volatility, and expand investment opportunities for pension funds, banks, insurers, and other major players looking to enter the crypto market.
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The doors are opening to a new era of institutional investment
Additionally, the possible approval of ETFs that integrate novel functions, such as the Proof of Stake (PoS) cryptocurrency staking Like Ethereum and possibly Solana, they could attract even more capital, as they offer a dual advantage: potential appreciation of the underlying asset and returns from network staking. This innovation, currently in the SEC consultation phase, could revolutionize the way growth and passive income strategies are combined in the institutional crypto market.
From a regulatory perspective, the massive review and potential approval of these crypto ETFs would also mark a shift in the SEC's stance, which has traditionally been very cautious regarding market manipulation and investor protection in this sector. Current management, under the leadership of Paul Atkins, indicates a possible relaxation of these criteria, given a favorable political environment and growing institutional demand.
To illustrate the significance of these movements, look no further than the particular case of XRP. After years of legal disputes with the SEC, the recent simultaneous filing of multiple XRP ETF applications and their potential approval, estimated at around 65% according to Bloomberg analysts, could drive a wave of institutional investment projected to double XRP's value in the coming months. However, this phenomenon is not limited to XRP but includes other emerging players in the crypto scene.
TRADE XRP ON BIT2MEIn conclusion, the ongoing review of these 72 crypto ETF applications symbolizes a defining moment for the convergence between traditional finance and cryptocurrenciesThe SEC could be about to usher in a new era of institutional investment, where crypto assets from Dogecoin to Pudgy Penguins could be integral parts of diversified and regulated portfolios. This is, therefore, a development that will not only change the landscape of crypto investment but will also redefine the regulatory dialogue and promote broader and responsible adoption of this disruptive ecosystem.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
