SEC's to-do list grows đź“‹

More than 90 crypto ETF filings currently sit in front of the securities regulator as issuers look to expand their offerings beyond Bitcoin and Ethereum.

📝 What you need to know

Bitcoin and Ethereum ETFs have been enormously successful in the U.S. since the spot funds launched last year, and issuers are champing at the bit to launch a bevy of exchange-traded products based on all sorts of assets.

In fact, the list has grown to more than 90 crypto ETF filings sitting in front of the SEC, according to data from Bloomberg ETF Analyst James Seyffart. Filings for spot ETFs based on XRP, Solana, and Litecoin make up a good chunk of the list, along with meme coins like Dogecoin and TRUMP and plenty more.

Can the market really support that many crypto ETFs? Not everyone is convinced.

“I don’t think many of them will be long-lived,” Luca Prosperi, co-founder and CEO of stablecoin platform M0, told Decrypt on Friday. “I think there are very few, if any, [digital] assets that are large and mature enough to support an ETF beyond Bitcoin, Ethereum, and Solana.”

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