Crypto Asset ETF Applications Double After Gary Gensler's Resignation

Uk Jin

Summary

It was reported that crypto asset ETF applications doubled after the resignation of former SEC chairman Gary Gensler.
Currently, there are 33 crypto asset ETFs submitted to the SEC, with the possibility of increasing to 50 within 1-2 weeks.
Various crypto assets and meme coin ETFs, in addition to Bitcoin and Ethereum, have been applied for.

After Gary Gensler, the former chairman of the Securities and Exchange Commission (SEC), who had consistently maintained a hostile attitude towards the crypto asset (cryptocurrency) industry, resigned, there was a surge in crypto asset exchange-traded fund (ETF) applications.

On the 21st (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (Twitter), "Currently, there are 33 crypto asset ETFs submitted to the SEC. The number of applications doubled after Gensler left the SEC," and added, "It could increase to 50 within 1-2 weeks."

Meanwhile, the list of crypto asset ETF applications submitted to the SEC includes not only Bitcoin (BTC) and Ethereum (ETH) but also numerous ETFs for Solana (SOL), Ripple, and Litecoin (LTC).

Notably, Rex Shares has also applied for meme coin ETFs such as Official Trump (TRUMP), Bonk (BONK), and Dogecoin (DOGE).