[124 Crypto Asset ETP Registration Applications in the U.S. Market by the End of 2025] Data shared by Bloomberg analyst Eric Balchunas shows that by the end of 2025, there will be a total of 124 crypto-related ETP registration applications in the U.S. market. Bitcoin-related products lead with 21 applications, 18 of which are derivatives structured under the 1940 Act. Following are basket-type products with 15 applications, as well as XRP (10 applications), Solana (9 applications), and Ethereum (7 applications). Among these applications, 42 are spot applications under the 1933 Act, while the rest are derivatives or structured funds.