XRP, Solana, Dogecoin Among 72 Crypto-Related ETFs Awaiting SEC Approval,

Murtuza J Merchant

April 22, 2025

A total of 72 cryptocurrency-related exchange-traded funds are currently awaiting approval by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas.

What Happened: These pending applications span a wide range of crypto assets, including mainstream tokens like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL), as well as meme coins such as Dogecoin (CRYPTO: DOGE) and themed funds like "2x Melania."

The ETFs cover various categories including spot products, leveraged and inverse ETFs, staking-based funds and derivative structures such as futures and options.

Products tied to Bitcoin and Ethereum remain the most common, but filings also include funds targeting Avalanche (CRYPTO: AVAX), Polkadot (CRYPTO: DOT), Aptos (CRYPTO: APT), Hedera (CRYPTO: HBAR), Chainlink (CRYPTO: LINK) and others.

From the shared filing dashboard, key asset managers with pending applications include Grayscale, Bitwise, ProShares, VanEck, 21Shares, CoinShares, Tuttle Capital and Canaray.

Tickers such as "BITW," "GBTC," and "SOLZ" show multiple pending deadlines in 2025.

Also Read: XRP Leads, Ethereum Bleeds As Crypto Investment Products See $6 Million In Inflows

What’s Next: Bitwise's Solana ETF has a final SEC decision deadline set for July 23, while Grayscale's Litecoin Trust must clear a second deadline by June 15.

ProShares has also filed for several double-leveraged or inverse Solana and XRP ETFs, with tentative decision dates listed through May and June 2025.

Many of the ETF proposals also fall under Rule 19b-4 of the Securities Exchange Act, requiring formal SEC rule changes for listing.

Some filings are marked under the Investment Company Act of 1940 ('40 Act), which governs mutual funds and ETFs involving derivatives and leverage.

Notably, no final approvals are indicated for any of the crypto-themed ETFs listed beyond existing spot Bitcoin products.

Bloomberg analyst Eric Balchunas stated, "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."

Read Next:

5 Catalysts That Could Drive Bitcoin Higher: Bernstein

Image: Shutterstock

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