Crypto ETF Madness: 92 Products Storming the SEC Gates – Chaos Incoming! 🚪💥

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The curious world of crypto stands at a peculiar crossroads, like a dusty town waiting for a storm. Ninety-two exchange-traded products-each a hopeful child of the digital dust-are lined up, blinking under the watchful gaze of the US Securities and Exchange Commission. The floodgates? Oh, they’re cracked open just enough to let anticipation trickle through, but not the raging river itself.

Solana and XRP, those restless cowboys of the crypto frontier, are the darlings of this pending parade. Solana’s got eight hopefuls knocking on the SEC door, while XRP bides its time with seven, whispered to us by Bloomberg Intelligence’s own oracle of ETFs, James Seyffart. Eight and seven-numbers that dance like fireflies on a sticky summer night.

Eric Balchunas, Bloomberg’s sage Senior ETF Analyst, announced on April 21 that seventy-two crypto ETFs were already in handcuffs with the SEC. But wait-twenty more wagons have rolled in since then, loaded with dreams and disturbances.

Amid the crowd, a trio dares to court the grand old dame of crypto-Bitcoin and Ether. The rest rustle under the altcoin banner, those wild horses out in the open range. And then there are the big names-21Shares and Grayscale-jockeying for an approval rodeo on their Ether staking ETFs. The SEC, in a rare moment of clarity, shrugged and said some liquid staking is just out of their jurisdiction, like cattle wandering off the map.

Meanwhile, Grayscale’s been busy. They want to transform five trusts into ETFs, like turning scrappy horses into well-groomed stallions. Litecoin, Solana, Dogecoin, XRP, Avalanche-the whole crypto barnyard is getting a facelift.

“Look at all these filings,” Nate Geraci, a man who watches the crypto rodeo closely, grinned with the kind of knowing that only comes from staring down the flood. “The floodgates? They’re about to open. Better hold your hats.”

But all’s not a wild celebration just yet. Bitfinex’s experts warn that altcoins are tapping their hooves, waiting for those crypto ETFs to ride into the sunset first before a real rally can spring to life.

BlackRock’s the Boss of This Dust Bowl

Out yonder in the big leagues, BlackRock is the town sheriff, holding tight the reins of the crypto ETF posse.

Its Bitcoin fund, the iShares Bitcoin Trust ETF (IBIT), has sucked in a staggering $58.28 billion since it started riding the trail, with the Ethereum cousin, iShares Ethereum Trust ETF (ETHA), gathering $13.12 billion in dust and dollars alike, according to Farside Investors.

Rumor has it, as a Wednesday whisper from the ether, ETHA might soon knock Coinbase off the pedestal as the top holder of Ether. Meanwhile, the IBIT fund has tucked away more than 3% of the total Bitcoin supply like a miser storing gold beneath the floorboards.

And here’s a kicker: BlackRock’s Bitcoin fund now pulls in more fees than its proud flagship S&P 500 fund. The IBIT expense ratio is a hefty 0.25%, while the humble IVV clocks in at a lean 0.03%. Proof that fees-like dust-find their way into every corner, no matter how polished the floor. 🏜️💸

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2025-08-29 10:10