The U.S. Securities and Exchange Commission (SEC), under newly appointed Chairman Paul Atkins, is currently evaluating 72 cryptocurrency-related exchange-traded fund (ETF) applications. This follows Atkins' confirmation by the U.S. Senate on April 9, 2025, and his subsequent swearing-in on April 21.
Cryptocurrencies with Pending ETF Applications
Below is an alphabetical list of tokens with active ETF filings, along with their key details and applicant issuers.
Aptos (APT)
- Description: Native token of Aptos, a scalable Layer 1 blockchain.
- ETF Applicants: Bitwise
Avalanche (AVAX)
- Description: Native token of Avalanche, a high-speed Layer 1 platform.
- ETF Applicants: Grayscale, VanEck
Axelar (AXL)
- Description: Native token of Axelar, a cross-chain interoperability solution.
- ETF Applicants: Canary
Bitcoin (BTC)
- Note: Existing spot BTC ETFs are now supplemented by applications for in-kind trading (non-cash settlements).
BNB (BNB)
- Description: Binance ecosystem token powering BNB Chain and services.
- ETF Applicants: Tuttle Capital
Bonk (BONK)
- Description: Meme coin on Solana with a growing DeFi ecosystem.
- ETF Applicants: Tuttle Capital, REX-Ospray
Cardano (ADA)
- Description: Native token of Cardano, a proof-of-stake smart contract platform.
- ETF Applicants: Tuttle Capital, Grayscale
Chainlink (LINK)
- Description: Oracle network token for secure off-chain data feeds.
- ETF Applicants: Tuttle Capital
Dogecoin (DOGE)
- Description: Iconic meme coin endorsed by high-profile figures.
- ETF Applicants: Bitwise, REX-Ospray, 21Shares, Grayscale
Ethereum (ETH)
- Note: Existing spot ETH ETFs now face applications for staking, in-kind, and options trading.
Hedera (HBAR)
- Description: Native token of Hedera, a Hashgraph-based public ledger.
- ETF Applicants: Grayscale, Canary
Litecoin (LTC)
- Description: Bitcoin fork emphasizing decentralization.
- ETF Applicants: Canary, CoinShares, Tuttle Capital
Melania Meme (MELANIA)
- Description: Meme coin themed after former First Lady Melania Trump.
- ETF Applicants: Tuttle Capital
Official Trump (TRUMP)
- Description: Politically themed meme coin linked to Donald Trump.
- ETF Applicants: Tuttle Capital, REX-Ospray
Polkadot (DOT)
- Description: Native token of Polkadot, a multichain interoperability protocol.
- ETF Applicants: Bitwise
Pudgy Penguins (PENGU)
- Description: NFT ecosystem token on Ethereum.
- ETF Applicants: Canary
Solana (SOL)
- Description: High-performance Layer 1 blockchain token.
- Note: Applications include staking and short-trading ETFs alongside spot products.
- ETF Applicants: Tuttle Capital, REX-Ospray, ProShares, Fidelity, 21Shares, VanEck, Grayscale, Canary, Bitwise, Franklin
Sui (SUI)
- Description: Native token of Sui, a parallelized Layer 1 blockchain.
- ETF Applicants: Canary
XRP (XRP)
- Description: Ripple’s payment network token.
- Note: Filings include short-trading ETFs in addition to spot products.
- ETF Applicants: Tuttle Capital, Teucrium, REX-Ospray, ProShares, Franklin, CoinShares, WisdomTree, Canary, Bitwise, 21Shares, Grayscale
FAQs
1. What is the significance of these ETF applications?
Approval could institutionalize crypto investments, offering regulated exposure to digital assets via traditional markets.
2. How does in-kind trading differ for BTC/ETH ETFs?
In-kind settlements allow investors to receive securities (e.g., shares) instead of cash when redeeming ETF units.
3. Which tokens have the most issuer interest?
Solana (11 issuers) and XRP (12 issuers) lead in applicant diversity.
👉 Explore crypto ETF trends for deeper insights.
Keywords: Crypto ETFs, SEC approvals, Paul Atkins, spot ETFs, in-kind trading, Solana ETF, XRP ETF, Bitcoin ETF
Meta Description: The SEC, led by Chair Paul Atkins, is reviewing 72 crypto ETF applications—including Bitcoin, Solana, and XRP. Discover the tokens and issuers shaping this pivotal market shift.
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