21 New Crypto ETF Applications Submitted to the SEC

Recently, exciting developments have been happening in the altcoin market. In the USA, as applications for crypto ETFs surge, REX Shares and Osprey Funds have applied to the Securities and Exchange Commission (SEC) for a total of 21 new funds covering various assets including Hedera Hashgraph (HBAR) and Bitcoin Cash (BCH). This situation creates a significant opportunity for investors with the increasing activity in the crypto market.

Bloomberg Intelligence analyst James Seyffart described the rise in applications as “things are getting out of hand,” highlighting that the process is accelerating. The applications include funds tracking important tokens such as SUI, BCH, HBAR, and HYPE. Additionally, Defiance ETFs has also applied for leveraged funds tracking not only crypto assets but also stocks like Tesla and Amazon, indicating that crypto investors can access new resources that will serve as alternatives.

The SEC has approved new rules for the listing of commodity-based ETFs on exchanges. This change will allow many crypto ETF applications to progress without being blocked by the 19b-4 process, significantly shortening the time required for such funds to start trading.

However, recently, the government shutdown in the USA means that the SEC can only operate in emergencies; this indicates that ETF approvals will be put on hold until they reopen. According to sources from The Block, SEC staff is currently not working on new ETF registrations. This situation illustrates that bureaucratic obstacles are slowing down the processes during a period of intensifying competition for crypto ETFs.

Investors should carefully monitor these developments in the sector and evaluate the progress of the crypto ETF application approval process. Additionally, it is crucial to consider the circumstances that may influence altcoin prices with the entry of new funds into the market.