Wave of virtual asset ETF filings in the U.S... "Five this week alone"

Son Min

Summary

Reported that new virtual asset ETF filings have surged in the U.S., with more than five submitted to the SEC just this week.
Major asset managers are accelerating competition by bringing various products to the market, including leveraged ETFs, staking ETFs, and yield-strategy ETFs.
Analysts say a wave of ETF approvals is expected to begin in earnest after the government shutdown ends, and attention should be paid to the potential expansion of market size.

A rush of virtual asset (cryptocurrency) exchange-traded fund (ETF) filings is intensifying in the United States. More than five new virtual asset exchange-traded fund (ETF) registration filings were submitted to the U.S. Securities and Exchange Commission (SEC) just this week.

According to Cointelegraph on the 15th (local time), amid the continued U.S. government shutdown, major asset managers such as VanEck and 21Shares have been submitting virtual asset ETF products one after another, accelerating market competition. On that day VanEck filed S-1 documents with the SEC for the "VanEck Lido Staking Ethereum (ETH) ETF." The product tracks the performance of stETH, Lido's liquid staking token, and is designed so that staking rewards generated by the underlying assets are received by the trust.

21Shares applied for a HYPE 2x leveraged ETF. The product's leverage applies only to daily returns and excludes long-term compounding effects. Eric Balchunas, a Bloomberg ETF analyst, said, "This product is very niche, but it could grow to a multi-billion dollar scale in 3–4 years."

ARK Invest submitted three additional Bitcoin (BTC)-related ETFs. The "ARK Bitcoin Yield ETF" is designed to generate Bitcoin-based income through yield strategies such as option selling, and the "ARK Diet Bitcoin 1·2 ETF" have, respectively, 50% and 10% downside protection features and limited upside participation structures.

Additionally, Volatility Shares registered new 3x and 5x leveraged ETFs linked to major U.S. stocks and virtual assets, and VanEck submitted an amendment for a Solana (SOL) staking ETF applying a fee rate of 0.3%.

Nate Geraci, CEO of Nobadius, said, "Once the government shutdown ends, the wave of virtual asset ETF approvals will begin," adding, "Ironically, fiscal deficits and political confrontation directly illustrate the problems that virtual assets seek to solve."

BTC

SOL

ETH