The US Securities and Exchange Commission (SEC) faces unprecedented pressure in 2025.
Analyst Martyparty highlighted the Record 72 Crypto ETF application awaiting approval on Monday, covering assets ranging from top altcoins such as XRP and Solana to various meme coins.
👀XRP & SOL seem to be leading the pack. https://t.co/oimbqwhew0
– John E. Deaton (@johnedeon1) April 21st,
XRP, Solana Lead Altcoin ETF Push
XRP and Solana are clearly leading this Altcoin ETF race, which is clearly supported by institutional interest. XRP boasts 10 applications by mid-April. Solana continues in five. Litecoin and Dogecoin are each linked to three, and are often cited for liquidity, market maturity and support for strong communities.
The diverse list also includes unconventional funds, such as the leveraged Melania Trump Token ETF from Turtle Capital. The Cayman Islands issuer has submitted a total of 10 utilised cryptographic proposals, highlighting the deep embedding of codes in speculative and institutional funds.
The new SEC chair faces defining crypto decisions
A recent confirmation of Paul Atkins shows potential regulatory changes taking into account the known regular stance as a new SEC chair. He is currently faced with the complex task of defining a clear framework for digital asset ETFs.
The key task is to determine how much structured potentially diverse crypto tokens are as commodity-based trusts, such as approved spot Bitcoin ETFs. Atkins’ decision on this could set a significant precedent for future lists.
Currently, only Spot Bitcoin and Ethereum ETF are US approved. However, many believe that the trend of regulations is turning. This is evidenced by the vast amount of applications that suggest market preparation, and with increasing demand from retail and institutional investors, it calls for easy crypto access.
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