Bloomberg analyst Eric Balchunas has estimated that there are a whopping 72 cryptocurrency-related exchange-traded fund (ETF) filings.
The Ripple-linked XRP token is, in fact, the highest candidate for getting a spot-based exchange-traded fund (ETF) within the U.S. A slew of such names as Grayscale, Bitwise, and Wisdomtree are vying to launch XRP-tied merchandise.
Solana (SOL) can be neck-and-neck with XRP, with a complete of 11 flings. Notably, SOL additionally has a submitting from mutual fund large Constancy.
Litecoin (LTC) and Cardano (ADA) are additionally doubtless candidates to get their ETFs authorized by the brand new SEC administration.
There are additionally extra unique ETF filings for such tokens as Dogecoin (DOGE), Pepe (PEPE), SUI, and so forth.
The plethora of filings should be reviewed by incoming SEC boss Paul Atkins, whose nomination was confirmed by the U.S. Senate earlier this month.
Balchunas believes that 2025 shall be “wild” for cryptocurrency ETF choices.