The number of applications for cryptocurrency exchange-traded funds (ETFs) in the United States is expected to surpass 200 by the end of 2026, according to Bloomberg Intelligence analyst Eric Balchunas.
Currently, the U.S. Securities and Exchange Commission (SEC) is reviewing 155 applications, including:
- 23 ETFs based on Solana
- 23 Bitcoin ETFs
- 20 XRP ETFs
- 16 Ethereum ETFs
- 10 ETFs backed by crypto baskets
Among the applicants are innovative projects such as MELANIA, inspired by the First Lady, and PENGU, tied to the Pudgy Penguins collection. Key financial firms, including Tuttle Capital and Canary Capital, have submitted applications, while some products connected to former President Trump have also appeared in DTCC filings, hinting at potential upcoming launches.
Balchunas shared excerpts from a report by colleague James Seiffert, highlighting the growing momentum for crypto ETFs, especially following new SEC procedures designed to streamline spot cryptocurrency ETF launches. He forecasts that within the next year, applications for new crypto funds will exceed 200, reflecting strong investor interest and regulatory progress in the U.S. market.
