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The US Securities and Exchange Commission (SEC) is currently examining 72 Bourse exchange funds (ETF) linked to the Crypto shared data By Bloomberg Senior ETF Analyst Eric Balchunas on April 21.
Deposits cover active assets from XRP, Litecoin (LTC) and Solana (soil) to the same as Dogecoin (DOGE) and theme funds related to Internet culture, such as fatty penguins.
The deposits, detailed in a table compiled by Bloomberg ETF analyst, James Seyffart, reflect a wide effort in industry to bring a wide range of digital assets to the US ETF market.
Certain proposals include ETF Spot for Solana, Dogecoin and XRP, as well as products with leverage and reverse linked to Solana and XRP derivatives.
In addition, transmitters are looking for approval to offer negotiation options on newly launched or proposed Crypto FNB, in particular those related to Ethereum (ETH) and Bitcoin (BTC).
Balchunas too compared The effect of FNB approval to a group with access to the main musical streaming services.
He said:
“Having your coin Get ETF-IDED is like being in a group and adding your songs to all musical streaming services. Does not guarantee listening, but that puts your music where the vast majority of listeners are.”
Deposits cover a wide range of strategies beyond traditional ETFs.
Several transmitters, including Proshares and Tuttle Capital, have offered leverage, opposite and thematic effects targeting speculative traders and those looking for an exhibition adapted to the movements of cryptographic prices.
Although the influx of funds linked to Altcoin and even can widen the ETF Crypto landscape, the projection is that bitcoin will maintain its domination in the segment.
According to Balchunas, Bitcoin Etf account For approximately 90% of global assets of Crypto Fund. Even if many new products reach the market, Bitcoin should keep a dominant share, probably between 80% and 85% in the long term.
The observation reflects the rooted position of Bitcoin as the main institutional entry point on the cryptography market. Pending approvals could create a more diverse and more diverse market, but still focused on Bitcoin.
The future decisions of the SEC, many of which have deadlines extending to mid-2010, will shape the way in which traditional financial markets integrate exposure to cryptography.