Crypto ETF market expands with 92 filings awaiting SEC decision
- Solana has eight ETF applications pending.
- XRP follows with seven ETF applications.
- Grayscale seeks to convert five trusts into ETFs.
The US Securities and Exchange Commission (SEC) now faces one of its heaviest backlogs in the digital asset space, with at least 92 cryptocurrency exchange-traded product applications awaiting review.
According to an expert, Solana (SOL) and XRP (XRP) lead the wave of filings, each with multiple applications under consideration.
The trend highlights growing institutional demand for altcoin exposure through regulated investment vehicles, even as the SEC continues to weigh its stance on crypto products.
The pace of new filings has accelerated in recent months, suggesting the market is preparing for a broader expansion of crypto ETFs.
Solana and XRP lead with 15 ETF applications
Solana and XRP have emerged as the frontrunners among altcoins in ETF interest.
Analyst James Seyffart...
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