Over 70 crypto ETFs are waiting for the approval of the SEC in 2025

The introduction of the American Spot Bitcoin ETFs in January 2024 ensures a real revolution in the financial world. Especially after Donald Trump The elections won, the applications for new crypto ETFs began to flow.

In the meantime, there are over 70 applications for approval at the American Securities and Exchange Commission (SEC) for 2025.

Not just applications for Bitcoin ETFs

However, it is no longer just about applications for pure Bitcoin ETFs. Applications for the strangest old coins and memecoins are currently coming.

“Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. It will be a very wild year,” says An enthusiastic Eric Balchunas.

Eric Balchunas is a so -called expert in the area ETFsthat works for Bloomberg. From the beginning, he has given comments on the origin and success of the Bitcoin ETFs and now also reports on the enormous current of ETF applications for other cryptocurrencies.

Is there a demand for these ETFs?

What nobody currently knows is whether there is a demand for such crypto ETFs at all. The potential is now clear for Bitcoin. In theory, the digital currency could play a role similar to gold in the future.

For Ethereum, Solana and all smaller coins, the future role in the financial system is much less clear.

So far, Ethereum and Solana have been mainly used as a starting platform for other coins. But of course this is not an application that can ensure permanent success. Ultimately, something really has to happen on these platforms that offers the world added value.

For example in the form of Real World Assetsthat are tokens that represent financial assets from the real world. This seems to be an application that gains popularity.

But that still does not justify the market value of $ 190 billion, which Ethereum currently represents.