The encryption company is now waiting for an answer to 72 active applications for new encryption -related exchange transaction funds (ETFs).
James Seyffart, an ETF analyst at Bloomberg Intelligence, has written a list of submitted to the US Securities and Exchange Commission (SEC).
ETFS AWAITING Approval INCLUDE FUNDES TOLANA (SOL), XRP (XRP), SUI (Sui), Litecoin (LTC), Axelar (AXL) HEDERA (HBAR) Avalanche (Avax), Dogecoin (DOGE), Polkadot (DOT), Aptos (APT), ChainLink (Link), Pudgy Penguin (Penguin), official Trump (Trump), Melani (Melani) and Bonk.
The other potential new ETFs are connected to the currency basket, and some are based on BTC (Bitcoin) and/or Ethereum (Etherem) and are based on assets already approved for other branch ETFs.
ERIC BALCHUNAS, an ETF analyst of Bloomberg Intelligence, predicts that BTC ETF will be dominated, regardless of the number of approved Altcoin funds.
“Is the second best? Bitcoin ETFS leads 90% of all encryption fund assets worldwide. This year, numerous ALT/MEME COIN ETFs are likely to be released on the market, but we will only maintain Bitcoin of more than 80-85% in the long run.”
The SEC recorded the first branch market Bitcoin ETF, which ranked first in January 2024, and brought about billions of dollars in the highest digital assets as a market cap, and the regulators have approved Ethereum ETF last July.
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