There are now at least 92 products negotiated in cryptography exchange that await a decision of the United States stock exchange and values commission.
Solana (Sol) and XRP (XRP) are the most wanted cryptographic assets, with sun with eight pending ETF applications and XRP with seven, seven, according to new data from the ETF analyst of Bloomberg Intelligence, James Seyffart.
Eric Balchunas, Bloomberg senior ETF analyst, aware On April 21, 72 ETF related to cryptography are pending with the SEC, which means that another 20 ETF has been presented in the last four months.
Three ETF pending propose to offer exposure to Bitcoin (BTC) or Ethher (ETH), while the rest is directed to other Altcoins.
The list also includes 21Shares and Grayscale, who seek to obtain the approval of their ETHHER Remoniey ETF. Earlier this month, the SEC clarified that certain liquid stable activities fall out of reach.
Meanwhile, Grayscale is looking to convert five of its Trusts into ETF, which include three funds that quote on a stock market and two private negotiated funds. The conversion includes funds that offer exposure to Litecoin, Solana, Dogecoin, XRP and Avalanche.
“Look at all crypto and ETF files … what I mean with ‘crypto and ETF gate about to open soon'”. Novadius Wealth Management, Nate GERACI, saying.
On Monday, Bitfinex analysts pointed out that Altcoins will not see a broader rally until more cryptographic ETF receives approval.
Related: 21 Shares files to launch SEI ETF, joining the race with Canary Capital
Blackrock dominates the category
Global Asset Manager Blackrock currently dominates the category of Cripto ETF.
Its Bitcoin Fund, Ishares Bitcoin Trust ETF (Ibit), has witnessed a net entrance of $ 58.28 billion Since its inception, while its Ethereum background, Ishares Ethereum Trust Etf (Etha), saw a net entrance of $ 13.12 billion Since its inception, according to Farside investors.
A Wednesday report indicates that Etha could overcome Coinbase as ETH owner.
Meanwhile, its Ibit fund now has more than 3% of Bitcoin’s total supply.
In particular, Blackrock now wins more in annual rates of its IBIT Fund than its S&P flags (IVV), Ishares Core S&P 500 ETF, since Ibit’s expenses ratio is 0.25%, while the IVV expenses ratio is much lower at 0.03%.
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