Crypto ETF Filings Surge to 92 as Solana and XRP Lead Applications

The number of crypto-related ETF awaiting ￰0￱ and Exchange Commission (SEC) approval has surged to 92, with Solana (SOL) and XRP emerging as the most in-demand ￰1￱ to analyst James Seyffart, eight applications are seeking approval for Solana funds, while seven are tied to ￰2￱ popular analyst Eric Balchunas revealed in April that 72 crypto ETFs were pending with the ￰3￱ then, another 20 have been added, highlighting renewed interest in offering regulated crypto investment ￰4￱ three of the pending ETFs aim to provide exposure to Bitcoin and Ether, the majority focus on altcoins. A Growing Wave of ETF Filings Grayscale and 21Shares are among the most active ETF filers , seeking approval for Ether staking ￰5￱ SEC recently clarified that certain liquid staking activities may not fall under its jurisdiction, potentially opening the door for products tied to staking ￰6￱ is also pursuing the conversion of five of its trusts into ETFs, covering assets such as Litecoin, Solana, Dogecoin, XRP, and Avalanche.

“Look at all the crypto ETF filings out there… What I mean by ‘crypto fund floodgates about to open soon,’” Nate Geraci said in a recent post. Still, analysts caution that approval delays could weigh on market ￰7￱ at Bitfinex noted this week that altcoins may struggle to rally significantly until more ETFs gain regulatory approval. BlackRock’s Dominance in the Market While issuers await SEC decisions, global asset management giant BlackRock continues to dominate the crypto ETF ￰8￱ iShares Bitcoin Trust fund (IBIT) has accumulated $58.28 billion in net inflows since launch, while its iShares Ethereum Trust fund (ETHA) has recorded $13.12 billion, according to Farside Investors.

Remarkably, ETHA may soon surpass Coinbase as the largest single holder of Ethereum. Meanwhile, IBIT now controls more than 3% of Bitcoin’s total circulating supply , underscoring its outsized role in the ￰9￱ success of IBIT has also proven highly profitable for ￰10￱ an expense ratio of 0.25%, the fund generates more annual fee revenue than the company’s flagship iShares Core S&P 500 ETF (IVV), which has a far lower expense ratio of 0.03%. The rapid growth in filings, combined with BlackRock’s strong position, suggests that the ￰11￱ soon witness an expansion of available crypto ETFs beyond Bitcoin and Ether , potentially reshaping altcoin markets.