Picture this: crypto ETF issuers, a motley crew of hopefuls, clamoring for the SEC’s benevolence like Vogons begging not to be read poetry to. They’re eagerly dragging every altcoin, memecoin, and probably a lost sock or two into the fray, hoping 2025’s SEC is more “friendly neighborhood guardian” and less “bureaucratic black hole.”
This year, the U.S. Securities and Exchange Commission has more paperwork than a hyperactive robot librarian with a filing fetish. As of April 21, Bloomberg’s oracle of crypto chaos, Eric Balchunas, announced there are precisely 72 crypto ETFs twiddling their thumbs in the SEC waiting room, claws out and tail wagging.
“There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff”
— Eric Balchunas (@EricBalchunas) April 21, 2025
Yes, you read that right – everything from sensible altcoins to the mystical Penguins and Doge, plus a leveraged Melania Trump token fund because apparently, someone decided her branding powers extend beyond normal politics into the realm of speculative finance. Turtle Capital, probably tired of turtles competing only in slow-motion races, registered not one but ten leveraged funds in the Cayman Islands, trying to turn meme magic into cold, hard cash.
“There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year.”
XRP Takes the Lead, Because Someone Has to
Among the ETF pile-up, some altcoins have strutted like they own the dance floor. XRP, Solana, and Litecoin are leading the charge, with XRP flaunting ten individual filings by mid-April, and Solana not far behind with five. Institutional investors gaze upon them like tourists spotting Bigfoot—curious, hopeful, and slightly skeptical.
Meanwhile, Litecoin and Dogecoin are neck and neck in third place with three hopeful issuers each. Dogecoin, in particular, enjoys its celebrity status thanks to Elon Musk’s tireless dog-wrangling tweets, proving that sometimes, fame is indeed the best blockchain.
ETFs are proving to be the perfect gateway drug for crypto adoption, offering mortal investors a neat checkbox to say, “Yes, I own this digital nonsense,” without actually having to wrestle with wallets or remember 47-character keys. The funds do the heavy lifting, comply with regulators, and hold the digital assets, leaving investors free to either dream of Lambos or furiously refresh the price charts—all while hoping the SEC finally signs off before the Earth spontaneously combusts.
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2025-04-21 19:54