Over 90 Cryptocurrency Exchange-Traded Funds (ETFs) Awaiting Securities and Exchange Commission (SEC) Authorization

In the world of finance, the potential for Exchange-Traded Funds (ETFs) investing in various cryptocurrencies is gaining traction. Here's a rundown of the latest news in this evolving landscape.

Last July, the New York Stock Exchange, Chicago Board of Exchange, and Nasdaq proposed listing standards for crypto ETFs with the aim of expediting their trading. This move was a significant step towards mainstream acceptance of cryptocurrencies as investment assets.

One of the major players in the industry, Blackrock, launched the iShares Bitcoin Trust ETF last year. However, it has been reported that this fund generates more fees than its flagship S&P 500 fund. Despite this, Blackrock has expanded its crypto-related offerings to Canada and Europe, and offers options trading on its bitcoin ETF. However, it has no other crypto ETFs pending before the SEC.

The variety of potential ETFs is wide-ranging, with investments in Solana, XRP, Dogecoin, Cardano, and even Melania being considered. Interestingly, eight of the potential ETFs are invested in Solana, while another seven would hold XRP.

The Securities and Exchange Commission (SEC) is currently reviewing 92 cryptocurrency exchange-traded funds, including those from Blackrock and Grayscale. Grayscale, another key player, is seeking approval to convert five existing trusts into ETF structures, including one for Cardano. The SEC has informed Grayscale that a decision on this will now come at the end of October.

However, the speed at which the SEC approves these ETFs is uncertain. This uncertainty is compounded by the fact that the SEC has lost roughly 15% of its staff this year, which could potentially slow down the approval process.

In a recent development, 21Shares sought approval from the SEC to launch the first ETF invested in SEI, the token used by the Sei blockchain. However, there is no publicly available information on the name of a company founder or responsible individual who filed approval requests for cryptocurrency ETFs related to the token SEI at the SEC in July 2025.

Finally, it's worth noting that, according to a report by Bloomberg in April, 72 crypto-related ETFs were pending approval, indicating that 20 more ETFs have been filed over the past four months. This surge in applications suggests a growing interest in cryptocurrency investments among financial institutions.

As the landscape of crypto ETFs continues to evolve, it's clear that we're witnessing a significant shift in the way investors view and engage with cryptocurrencies. Stay tuned for more updates on this exciting development.

Over 90 Cryptocurrency Exchange-Traded Funds (ETFs) Awaiting Securities and Exchange Commission (SEC) Authorization