U.S. SEC Receives Numerous Crypto ETF Filings…"Situation Rapidly Changing"

Suehyeon Lee

Summary

It reported that more than 20 crypto ETF applications were filed with the U.S. Securities and Exchange Commission (SEC) in a single day.
It stated that because the SEC recently approved listing rule changes by exchanges, some ETFs could reach trading start sooner without the Form 19b-4 process.
James Seyffart, a Bloomberg analyst, assessed that the current market situation is rapidly changing, attracting investor attention.

More than 20 crypto exchange-traded fund (ETF) applications were filed with the U.S. Securities and Exchange Commission (SEC) in a single day.

On the 4th (local time), The Block reported that RexShares and Osprey Funds filed 21 ETFs that include various assets and staking elements such as Sui (SUI), Bitcoin Cash (BCH), and Hyperliquid (HYPE). DeFiance ETFs also submitted leveraged products linked not only to crypto assets but also to Tesla and Amazon stock prices.

In this regard, James Seyffart, a Bloomberg analyst, said, "The situation is rapidly changing." The SEC is already reviewing ETF proposals related to Dogecoin (DOGE), XRP (XRP), and Litecoin (LTC), and it is interpreted that the more favorable environment since the start of the Trump administration has also had an effect.

This large-scale filing is due to the SEC's recent approval of listing rule changes by three exchanges. As a result, some ETFs will not have to go through the Form 19b-4 review process, which is expected to greatly shorten the time until actual trading begins.