US Awaits Approval of 90+ Crypto ETPs
Over 90 crypto ETPs are awaiting approval in the US, signaling rising institutional interest.
- 90+ crypto ETPs are pending approval in the US
- Surge reflects growing institutional crypto interest
- Regulatory clarity could drive broader adoption
Institutional Appetite Grows for Crypto ETPs
The United States is currently reviewing more than 90 crypto exchange-traded products (ETPs), according to a recent Bloomberg update. These ETPs—investment vehicles that allow traditional investors to gain exposure to cryptocurrencies through regulated stock exchanges—are awaiting approval by the U.S. Securities and Exchange Commission (SEC).
This growing queue of applications is a strong signal that institutional demand for regulated crypto exposure is increasing rapidly. While the SEC has approved some Bitcoin-based ETFs, including spot Bitcoin ETFs earlier in 2024, the pipeline is now filling with a variety of crypto assets—from Ethereum to Solana and beyond.
Regulatory Decisions Could Shape Market Direction
While the number of pending ETPs is striking, the pace and nature of approvals remain uncertain. The SEC continues to scrutinize each application for compliance with investor protection standards, market manipulation risks, and transparency requirements.
However, recent approvals of spot Bitcoin ETFs have opened the door to broader possibilities. Experts believe that if the SEC continues on this path, it could unlock significant capital inflow into the crypto sector. This could mean broader adoption and more legitimacy for digital assets in the eyes of both retail and institutional investors.
What This Means for the Crypto Market
The influx of ETP applications highlights how the traditional financial system is becoming increasingly intertwined with crypto. If approved, these products will likely offer more secure, regulated, and accessible ways to invest in crypto without directly holding the assets.
The coming months will be critical. Regulatory decisions could either accelerate market maturity—or continue to stall progress.
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