155 Crypto ETF Filings Signal Massive Institutional Land Rush Building Momentum

CN
4 hours ago

A wave of optimism is sweeping through the digital asset sector as crypto exchange-traded product (ETP) filings surge to unprecedented levels, signaling robust institutional confidence in the market’s trajectory. Bloomberg ETF analyst Eric Balchunas shared on Oct. 21 that a record 155 ETP filings have been made since 2024, representing 35 different cryptocurrencies. Describing the rush of applications as historic, Balchunas suggested the total could exceed 200 within the next year as asset managers compete to launch new crypto investment funds.

The analyst emphasized the scale of this momentum, stating on social media platform X:

There’s now 155 crypto ETP filings tracking 35 different digital assets. Could easily end up seeing over 200 hit mkt in next 12mo. Total land rush.

He clarified that the list reflects only pending filings and excludes ETFs already trading, which explains why bitcoin and ether are not leading in number. “This is only filings. Doesn’t include ETFs on mkt. That’s why bitcoin isn’t at top or ether because so many made it through the SEC. This is just the ones waiting in line,” he explained.

Number of crypto ETF filings since 2024. Source: Bloomberg analysts.

According to the data, solana ( SOL) and bitcoin ( BTC) lead with 23 filings each, followed by XRP with 20. Ethereum ( ETH) has 16, and basket products account for 10. Litecoin ( LTC) recorded 5 filings, while avalanche (AVAX), dogecoin (DOGE), and polkadot (DOT) each have 4. SEI, hedera (HBAR), SUI, Binance Coin ( BNB), and cardano ( ADA) each recorded 3.

Market strategists interpret the surge in applications as a bullish sign for the evolving crypto investment space. Many issuers are preparing for potential U.S. Securities and Exchange Commission (SEC) approvals following earlier decisions allowing spot bitcoin and ethereum ETFs, along with the SEC’s approval of generic listing standards. Supporters argue that broader access to crypto ETPs could increase liquidity, improve transparency, and help establish digital assets as a permanent fixture in institutional portfolios.

  • What does the surge in crypto ETP filings indicate for investors?
    It signals growing institutional confidence and a maturing digital asset market primed for expansion.
  • Which cryptocurrencies currently lead the ETP filing race?
    Solana and bitcoin top the list with 23 filings each, followed closely by XRP, ethereum, and basket products.
  • Why are asset managers rushing to file new crypto ETPs?
    They aim to capitalize on potential SEC approvals and gain first-mover advantage in a rapidly growing investment class.
  • How could broader access to crypto ETPs impact the market?
    Increased access could drive higher liquidity, improve transparency, and further legitimize digital assets for institutional portfolios.

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