Bloomberg: "92 U.S. Spot Crypto ETF Applications and Reviews"

Doohyun Hwang

Summary

Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) is currently reviewing 92 spot crypto ETF applications.
It said that applications have been submitted for various altcoin-based ETFs, including major coins such as Bitcoin and Ethereum as well as Solana and Dogecoin.
The market is highly interested in Ethereum and altcoin ETFs that include staking options, and it is expected that approval decisions for many products will be made between the end of this year and the first half of next year.

Currently, the number of spot ETFs for virtual assets (cryptocurrencies) that are undergoing approval review or awaiting review in the United States has been found to exceed 90.

On the 28th (local time), according to material released by James Seyffart, Bloomberg ETF analyst, the U.S. Securities and Exchange Commission (SEC) is currently reviewing a total of 92 spot crypto ETF applications. Included are products based on major altcoins such as Bitcoin (BTC) and Ethereum (ETH) spot ETFs, as well as Solana (SOL), XRP (XRP), Sui (SUI), Tron (TRX), Litecoin (LTC), Dogecoin (DOGE), Avalanche (AVAX), Cardano (AVAX), Polkadot (DOT).

Global asset managers such as BlackRock, Grayscale, Franklin Templeton, VanEck, 21Shares, ProShares, Tuttle Capital and others have largely registered their names among the applicants. Many are expected to receive final decisions between the end of this year and the first half of next year.

In particular, recent market attention is focused on Ethereum and altcoin ETFs that include staking options. Grayscale and 21Shares have applied for ETFs that reflect staking rewards, but the SEC has not yet granted related approvals.