The U.S. Securities and Exchange Commission (SEC) plans to review the approval of more than 70 cryptocurrency exchange-traded index funds (ETFs) this year, Bloomberg reported.
The ETFs included in the review are based on a variety of strategies and assets, including altcoins, meme coins, cryptocurrency indices and derivatives.
Bloomberg ETF analyst Eric Balchunas posted on the 21st (local time) that "XRP, Litecoin, Solana, Penguin
"This year is going to be really busy," he said, adding that his company is "in the mix with Dozy, Dozyin and even 2x leveraged Melania."
The current rush of ETF applications reflects optimism among institutions that recognize crypto assets as a single asset class.
According to a March report jointly released by Coinbase and EY-Parthenon, more than 80% of institutional investors plan to increase their share of crypto assets by 2025.
But analysts cautioned that ETF approval in the U.S. would not automatically translate into large-scale demand.
In particular, it is pointed out that ETFs that include minor altcoins or lesser-known assets may face limited investor inflows.
In response, Balchunas said, "When a coin is included in an ETF, it's like a band adding a song to a streaming service.
It doesn't guarantee a promotion, but it does give you the opportunity to be exposed to the public."
2025/04/22 12:58 KST
Copyright(C) BlockchainToday wowkorea.jp 118