There are now at least 92 crypto exchange traded products awaiting the US Securities and Exchange Commission’s decision.
According to new data from Bloomberg Intelligence’s ETF analyst James Sfart, Solana (Civil) and XRP (XRP) are the most wanted crypto assets, with eight ETF applications pending and XRP has seven.
Bloomberg senior ETF analyst Eric Balchunas posted on April 21 that 72 crypto -related ETFs are pending with the SEC, which means 20 more ATFs have been filed in the last four months.
Three pending ETFs have proposed to display Bitcoin (BTC) or Ether (ETH), while the rest target the opposite coins.
The list also includes 21 shares and gray scales, who want to get approval for their Ether Stacking ETF. Earlier this month, the SEC made it clear that some liquid stacking activities fall out of its circle.
Meanwhile, the Grace Scale wants to convert its five trusts to the ETF, which includes three public funds and two private traded funds. The conversion includes funds that showcase Latcoin, Solana, Dougacon, XRP, and snowfall.
“Look at all the crypto ETF filing,” said Net Geraki, president of Newodes Wealth Management … What do I mean ‘Crypto ETF floods are going to open soon.’
On Monday, Bit Finex analysts noted that the reversal coins will not be able to see a wider rally until more crypto ETF is approved.
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Black arc is dominated over the category
Global Asset Manager Blackrock is currently dominated by the Crypto ETF category.
Its Bitcoin Fund, Esarus BitCoin Trust ETF (IBIT) has witnessed a net arrival of $ 58.28 billion since its inception, while its Ethereum Fund, Esarus Ethereum Trust ETF (ETHA) has seen a net arrival of $ 13.12 billion from its inception.
A Wednesday report indicates that Etha can soon overtake the coin base as ETH’s largest holder.
Meanwhile, its IBT Fund now has more than 3 % of the total supply of bitcoin.
Specifically, Blackrock now earns more in the fee each year than its Flagship S&P Fund (IVV), ishares core S&P 500 ETF, as the proportion of IBIT costs is 0.25 %, while the IVV cost ratio is much lower at 0.03 %.
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