155 cryptocurrency ETF applications are pending approval in the United States, with Bitcoin and Solana leading the way.

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[155 U.S. Crypto ETF Applications Awaiting Approval, Bitcoin and Solana Lead] According to Bloomberg, as of October 20, there have been 155 applications for cryptocurrency-based exchange-traded products (ETPs) in the United States, covering 35 types of digital assets, with Bitcoin and Solana each having 23 applications, XRP 20 applications, and Ethereum 16 applications. Although the government shutdown that began on October 1 has delayed the approval process, industry experts remain optimistic that approvals are forthcoming. Recently, issuers have actively submitted 2x and 3x leveraged ETFs and products with staking mechanisms, reflecting a “full-scale land grab” for crypto ETFs in the market. Analysts point out that investors prefer to diversify their investments in emerging digital assets through index and actively managed ETFs rather than single tokens. Since the launch of spot Bitcoin and Ethereum ETFs in January and July 2024, BTC ETFs have managed nearly $150 billion in assets, while ETH ETFs have about $24 billion.

BTC-1.69%
SOL-4.91%
XRP-4.04%
ETH-3.32%
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