There are now at least 92 products negotiated in exchange for crypto pending a decision by the American securities and exchange committee.
Solana (soil) and XRP (XRP) are the most sought -after cryptographic assets, soil with eight ETF -pending and XRP applications, having seven, according to to the new data from Bloomberg Intelligence ETF James Seyffart.
Eric Balchunas, Bloomberg senior ETF analyst, poster On April 21, that 72 ETF linked to the crypto were pending with the dry, which means that 20 additional ETFs have been deposited in the past four months.
Three ETP pending proposes to offer an exposure to Bitcoin (BTC) or ether (ETH), while others target other altcoins.
The list also includes 21Shares and Grayscale, which seek to obtain the approval of their Ether implementation ETHER. Earlier this month, the SEC clarified that certain liquid development activities do not fall under its field.
Meanwhile, Graycale seeks to convert five of its trusts into ETF, which include three funds listed on the stock market and two funds negotiated in private. Conversion includes funds that offer an exhibition in Litecoin, Solana, Dogecoin, XRP and Avalanche.
“Look at all the Crypto ETF deposits there … which I mean by” Crypto Etf Floodgates about to open soon “. said.
Bitfinex analysts noted on Monday noted that altcoins will not see a wider rally until more FNB Crypto do not receive approval.
In relation: 21Shares files to launch SEI ETF, joining the race with Canary Capital
Blackrock dominates the category
Global Asset Manager Blackrock is currently dominating the Crypto ETF category.
His Bitcoin Fund, Ishares Bitcoin Trust Etf (Ibit), witnessed a net of net of $ 58.28 billion Since its creation, while its Ethereum fund, Ishares ETF Trust ETF (ETHA) has seen a net of net of $ 13.12 billion Since its creation, according to Farside Investors.
A Wednesday report indicates that Etha could soon go beyond Coinbase as the biggest ETH holder.
Meanwhile, its IBIT fund now has more than 3% of the total Bitcoin offer.
In particular, BlackRock now earns more costs per year from its IBIT fund than its flagship fund S&P (IVV), Ishares Core S&P 500 ETF, because the Ibit spending ratio is 0.25%, while the IVV spending ratio is much lower at 0.03%.
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