Altcoin ETFs flood the SEC while Bitcoin claims its undisputed market leadership

The US stock exchange supervisory authority SEC (Securities and Exchange Commission) is considering expanding the market for crypto ETFs beyond Bitcoin. There are currently 72 applications for crypto ETFs for examination.

This signals a growing interest in investment products based on old coins, but Bitcoin remains the undisputed heavyweight with a share of around 90 % of the global crypto ETF assets.

Despite the increase in Applications Warn analysts that probably no new altcoin ETF will achieve the extent or the effects of Bitcoin. Since its introduction, Bitcoin ETFs have redesigned the institutional crypto market and attracted almost $ 95 billion in net assets in the United States alone-even in times of drains. The laying of the Bitcoin fund from Blackrock was even called the most successful ETF introduction of all time.

Wealth managers have reacted with a wave of applications and applied for approval for a variety of new products-from ETFs based on Ethereum, Solana and XRP to niche products such as meme coins and lever products. According to ETF analyst Eric Balchunas, the spectrum is wide and unusual: “From XRP and Litecoin to Penguins and 2x Melania, everything is included.”

But despite this creativity, it is unlikely that Bitcoin's dominance will be questioned in the near future. Only 23 of the current applications concern old coins that go beyond the usual names, and most are variations of existing ETF structures and not completely new products.

ETF options from Ethereum have attracted significant liquidity and showed that products focused on old coins can arouse interest. But Bitcoin's size and brand strength continue to overshadow these attempts. Analysts estimate that even if all pending altcoin ETFs are successfully put on, they could only conquer 5% to 10% of the current ETF market share of Bitcoin.

However, old coin ETFs are not without value. As a catalyst for a new interest in the underlying assets, you can serve and help bring new capital into the market. While Bitcoin holds the crown, products that concentrate on Solana or XRP could trigger even smaller bull waves – just not enough to shake Bitcoins position as the favorite of institutional investors.