92 Crypto-Related ETFs Await U.S. SEC Approval, Potentially Opening Floodgates for Market Expansion
August 29, 2025 — The U.S. Securities and Exchange Commission (SEC) currently has at least 92 crypto exchange-traded products (ETPs) under review, signaling significant upcoming growth in crypto-related exchange-traded funds (ETFs). These funds aim to provide investors exposure to a broad range of cryptocurrencies, from major players like Solana (SOL) and XRP to altcoins such as Dogecoin and Avalanche, together constituting trillions of dollars in market value.
Popular Cryptos Among Pending ETF Applications
According to ETF analyst James Seyffart of Bloomberg Intelligence, Solana and XRP are the most sought-after crypto assets in ETF filings, with eight and seven pending applications respectively. Just this April, Bloomberg senior ETF analyst Eric Balchunas noted 72 crypto ETFs awaiting SEC decisions, indicating that 20 new filings have emerged in the past four months alone. Only three of the pending ETFs focus solely on Bitcoin (BTC) and Ether (ETH), with the bulk seeking exposure to various other altcoins.
Among the notable firms involved are 21Shares and Grayscale, both filing for Ether staking ETFs. Earlier this month, the SEC clarified that certain liquid staking operations fall outside its regulatory authority, facilitating these developments. Grayscale is also pursuing conversion of five existing trusts into ETFs—including those tied to Litecoin, Solana, Dogecoin, XRP, and Avalanche—spanning three publicly and two privately traded funds.
Industry Experts Expect Market Impact
Nate Geraci, president of NovaDius Wealth Management, remarked on the magnitude of filings, suggesting that "the crypto ETF floodgates are about to open soon," reflecting industry anticipation for a broader regulatory green light. Analysts at Bitfinex have pointed out that widespread altcoin rallies typically hinge on the approval of more crypto ETFs, highlighting the potential market impact pending regulatory outcomes could trigger.
BlackRock’s Dominance in the Crypto ETF Space
Global asset manager BlackRock currently leads the sector with its Bitcoin and Ethereum ETFs. The iShares Bitcoin Trust ETF (IBIT) has accumulated net inflows of $58.28 billion since launch, while the iShares Ethereum Trust ETF (ETHA) boasts $13.12 billion in net inflows, per Farside Investors data. Recently, ETHA is expected to surpass Coinbase as the largest entity holding Ether, and IBIT now controls over 3% of Bitcoin’s total supply.
Interestingly, BlackRock earns more annual fees from IBIT than from its flagship S&P 500 ETF (IVV), due in part to IBIT’s higher expense ratio of 0.25%, compared to IVV’s 0.03%. This reflects growing investor appetite for crypto exposure through regulated ETF vehicles.
Outlook for the Crypto ETF Landscape
With SEC decisions pending on an unprecedented number of crypto ETFs, market watchers anticipate an acceleration of mainstream crypto adoption through regulated funds. The approval of these ETFs, specifically targeting altcoins beyond Bitcoin and Ethereum, could open new avenues for retail and institutional investors to gain diversified crypto exposure in a familiar investment format.
As BlackRock and firms like Grayscale continue to shape the market, the SEC’s forthcoming rulings will be pivotal in determining the next phase of growth and acceptance for crypto assets within traditional financial systems. Observers and investors alike are eagerly awaiting the regulatory signal that could mark the beginning of a new era for crypto investing.
This article is based on data reported by Bloomberg Intelligence, insights from industry analysts, and recent filings with the SEC. Cointelegraph remains committed to delivering independent, high-quality journalism on fintech, blockchain, and cryptocurrency developments.