The SEC is reviewing 92 applications for the launch of cryptocurrency exchange-traded products, according to Bloomberg analyst James Seyffart.
NEW: Here is a list of all the filings and/or applications I’m tracking for Crypto ETPs here in the US. There are 92 line items in this spreadsheet. You will almost certainly have to squint and zoom to see but best I can do on here pic.twitter.com/lDhRGEQBoW
— James Seyffart (@JSeyff) August 28, 2025
Following the departure of Gary Gensler as chairman of the regulator, companies have been more active in submitting applications for crypto ETFs. By April, their number had reached 72, wrote another Bloomberg analyst, Eric Balchunas.
Among the products awaiting approval are three exchange-traded funds based on Bitcoin and Ethereum, as well as numerous altcoin proposals. Solana and XRP are the most popular, with eight and seven applications respectively.
On August 28, 21Shares submitted a new application for the launch of a SEI-ETF.
Nate Geraci, President of NovaDius Wealth Management, anticipates a wave of approvals for cryptocurrency-based exchange-traded funds in the US soon.
Look at all of the crypto ETF filings out there…@JSeyff doing God’s work tracking these.
What I mean by “crypto ETF floodgates about to open soon”. pic.twitter.com/9tpcrtnQjm
— Nate Geraci (@NateGeraci) August 28, 2025
According to Julio Moreno, head of research at CryptoQuant, US spot Bitcoin ETFs have almost caught up with major exchanges like Binance in trading volumes.
At the end of August, Bitfinex analysts stated that the altcoin season will not commence until new cryptocurrency exchange-traded funds are approved.