Crypto ETF Boom: 155 Filings Across 35 Assets, Analyst Backs Index Funds

A flood of new crypto fund proposals is poised to hit the market, with 155 exchange-traded product filings waiting for regulatory ￰0￱ to industry data from October 21, this wave could introduce over 200 new funds tracking 35 different digital assets within the next ￰1￱ Coming Wave of Crypto Funds Eric Balchunas, a senior ETF analyst at Bloomberg shared a list of proposed funds on X, describing the growing number of filings as a “total land rush,” by financial ￰2￱ list includes popular assets like Solana (SOL) and Bitcoin (BTC), which currently lead the pack with 23 filings each, followed closely by Ripple’s XRP with 20 and Ethereum (ETH) with ￰3￱ are also multiple applications for products tracking Litecoin (LTC) with five, Dogecoin (DOGE), Avalanche (AVAX), Polkadot (DOT), each with three, and even politically-themed assets like the Official TRUMP meme coin, which boasts two ETF filings.

However, this fast growth could present a challenge for traditional ￰4￱ Geraci, co-founder of the ETF Institute, said that the number of individual tokens could be too much to handle. “No way tradfi investors ready to navigate all of these single tokens,” he ￰5￱ says that most mainstream investors will probably prefer a “shotgun approach,” which means using diversified funds that spread risk across many cryptocurrencies, similar to a stock market index fund. “*Highly bullish* on index-based & actively managed crypto ETFs,” tweeted the expert. A Shift in Strategy and Strong Current Demand This push for more variety comes at a time when the first batch of crypto ETFs are showing that the market is ￰6￱ October 21, spot Bitcoin ETFs brought in $477 million in new investments, and spot Ethereum products brought in $142 million according to data from SoSoValue.

Meanwhile, some newly launched altcoin ETFs are already showing encouraging ￰7￱ REX-Osprey XRP and DOGE ETFs, which debuted in September, posted impressive first-day volumes of $24 million and $6 million respectively, far surpassing analysts’ ￰8￱ renewed interest in crypto ETFs also comes at a time when a lot of big Bitcoin investors are moving their money into such ￰9￱ whales are reportedly using a process that allows them to swap their actual Bitcoin for shares in an ETF without triggering a tax ￰10￱ is said to have handled over $3 billion of these ￰11￱ though the pipeline is full, it’s still not clear when many of these new funds will get their final approval, with external factors such as the ongoing ￰12￱ shutdown causing delays.