There are at least 92 products in the field of exchange of cryptocurrencies that are waiting for the decision of the American securities and stock exchanges.
Solana (SOL) and XRP (XRP) are the most sought after cryptographic assets, with SOL in the course of eight ETF applications, and XRP has seven, According to For novel data from the ETF Bloomberg Intelligence analyst James Seyffart.
Eric Balchunas, senior analyst at ETF Bloomberg, Published On April 21, that 72 ETF related to cryptocurrencies in progress during SEC, which means that another 20 ETFs have been submitted in the last four months.
Three expecting ETFs propose exposure to Bitcoin (BTC) and Ether (ETH), while the rest attack other altcoins.
The list also includes 21 Shares and Grayshale, which is aimed at obtaining approval by ETFE ETF. At the beginning of this month, SEC explained that some liquid activities result from its principles.
Meanwhile, Grayscale wants to transform five of his trust into ETF, which include three stock exchange funds and two private funds. The conversion includes funds that offer exposure to Litecoin, Solana, Dogecoin, XRP and Avalanche.
“Look at all Kryptographic ETF documents … what I mean by” Crypto ETF Floodates, which will soon open. ” President Novadius Wealth Management Nate Geraci he said.
On Monday, Bitfinex analysts noticed that Altcoins would not see a wider rally until more ETF ETF Crypto receives consent.
Related: 21 Shares Fryk to start SEI ETF, joining the race with Canary Capital
Blackrock dominates in the category
Global Asset Manager Blackrock currently dominates in the Crypto ETF category.
Bitcoin Fund, Ishares Bitcoin Trust ETF (IBIT), was a witness of the net influx USD 58.28 billion Since its creation, while his Ethereum fund, Ishares Ethereum Trust ETF (Etha), has been reported by a net influx $ 13.12 billion From its creation, according to Farside Investors.
In Wednesday’s report, he indicates that Etha may soon overtake Coinbase as the largest ETH owner.
Meanwhile, the IBIT fund now has over 3% of the total Bitcoin supply.
In particular, Blackrock now earns more fees from the IBIT fund than its flagship S&P fund (IVV), Ishares Core S&P 500 ETF, because the IBIT expenditure rate is 0.25%, while the IVV expenditure indicator is much lower at 0.03%.
Warehouse: Hacker BTS Jungkook, Ripple Singapore Payements Company: Asia Express
