The U.S. Securities and Exchange Commission (SEC) currently reviews over 90 cryptocurrency ETF applications, involving Bitcoin 
$91,967, Ethereum 
$3,139, and various altcoins. As listed by Bloomberg Intelligence, experts anticipate a favorable decision by the SEC to coincide with the Federal Reserve’s potential interest rate cuts. Such regulatory developments could usher in a new era for the cryptocurrency market.
Pending Altcoin ETF Applications
Among the ETF applications awaiting SEC approval are those related to Ethereum staking, XRP, Solana 
$143, Injective, SUI, Near, Ondo, Aptos, Chainlink 
$13, Avalanche, Trump Coin, BNB, Cardano 
$0.393869, Polkadot, SEI, Litecoin, AXL, Bonk, Melania Coin, Dogecoin 
$0.139586, and Hedera. Notably, many of these applications have final decision dates scheduled for the last quarter of the year.
Beyond single asset-linked ETFs, applications include “basket” categories that aggregate multiple cryptocurrencies in a single fund. Such structures stand out by offering investors a diversified product. Approval of these ETFs is expected to diversify the altcoin market with new product offerings.
BlackRock’s Position on Altcoin ETFs
Despite being the world’s largest asset management firm, BlackRock has yet to submit an ETF application for altcoins to the SEC, maintaining focus on Bitcoin and Ethereum. Meanwhile, other prominent fund managers like Franklin, VanEck, Grayscale, and ProShares have their altcoin ETF applications pending with the SEC.
Approval of these altcoin ETF applications could significantly boost institutional investor interest, marking a crucial development. The SEC’s decisions will be pivotal in shaping future regulatory landscapes and market dynamics.
