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More than 70 US crypto ETFs await SEC decision this year — Bloomberg

More than 70 cryptocurrency exchange-traded funds (ETFs) are slated for review by the US Securities and Exchange Commission (SEC) this year. According to Bloomberg analyst Eric Balchunas, the list includes proposed ETFs holding a range of assets, from altcoins to memecoins to derivatives instruments.

“Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between,” Balchunas said in an April 21 post on the X platform. “Gonna be a wild year.”

More than 70 US crypto ETFs await SEC decision this year — Bloomberg
Crypto ETFs’ SEC review schedule. Source: Eric Balchunas/Bloomberg

Related: ARK adds staked Solana to two tech ETFs

Uncertain institutional demand

The planned funds listings come as institutional investors turn increasingly bullish on crypto as an asset class. 

Upward of 80% of institutions say they plan to increase allocations to crypto in 2025, according to a March report by Coinbase and EY-Parthenon. 

However, analysts caution that just because ETFs are approved for US listings doesn’t guarantee widespread adoption, especially for funds holding more obscure alternative cryptocurrencies.

“Having your coin get ETF-ized is like being in a band and getting your songs added to all the music streaming services,” Balchunas said

“Doesn’t guarantee listens but it puts your music where the vast majority of the listeners are.”

Cryptocurrencies, Bitcoin Price, SEC, Bitcoin Regulation, United States, Financial Derivatives, Bitcoin Options, Ethereum Options, Ethereum ETF, Bitcoin ETF, ETF
Comparing asset manager Grayscale’s net assets pre-ETF launch across different cryptocurrencies suggests tepid demand for altcoin ETFs. Source: Sygnum Bank

Sygnum Bank’s research head, Katalin Tischhauser, told Cointelegraph she expects altcoin ETFs to see cumulative inflows of several hundred million to $1 billion, far less than spot Bitcoin funds

Funds holding Bitcoin (BTC) — the first spot cryptocurrency approved for listing in a US ETF wrapper — attracted upward of $100 billion in net assets last year. 

However, ETFs using options and other derivatives to provide structured exposure to cryptocurrencies such as Bitcoin and Ether might see more institutional uptake, analysts said. 

Options on spot cryptocurrencies unlock numerous potential portfolio strategies for investors and could potentially catalyze “explosive” price upside for digital assets such as Bitcoin, Jeff Park, Bitwise Invest’s head of alpha strategies, said in September.

Options are contracts granting the right to buy or sell an underlying asset at a certain price.

On April 21, ARK Invest added exposure to staked Solana (SOL) to two of its existing ETFs. The asset manager said it marks the first time spot SOL has been available to US investors in an ETF.

Magazine: ‘Bitcoin layer 2s’ aren’t really L2s at all: Here’s why that matters

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Trump reignites row with ‘nasty’ Sadiq Khan as Starmer responds

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Trump reignites row with 'nasty' Sadiq Khan as Starmer responds

Donald Trump has reignited his row with London mayor Sir Sadiq Khan after calling him a “nasty person” who has done “a terrible job”.

During an hour-long news conference with Sir Keir Starmer in Scotland, the US president hit out at the Labour mayor, who has responded with his own snipey remarks.

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Asked if he would visit London during his state visit in September, Mr Trump said: “I will, I’m not a fan of your mayor, I think he’s done a terrible job.

“A nasty person, I think.”

The prime minister then interrupted and said: “He’s a friend of mine.”

But the president added: “I think he’s done a terrible job but I will certainly visit London, I hope so.”

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Sir Sadiq’s spokesperson then released a statement saying: “Sadiq is delighted that President Trump wants to come to the greatest city in the world.

“He’d see how our diversity makes us stronger not weaker; richer, not poorer.

“Perhaps these are the reasons why a record number of Americans have applied for British citizenship under his presidency.”

The Right Honourable Sir Sadiq Khan after receiving the Honour of Knighthood during an Investiture ceremony.
Pic: PA
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Sir Sadiq Khan was knighted in June. Pic: PA

They noted that Sir Sadiq has won three mayoral elections, including when Mr Trump lost the US election in 2020.

This is not the first time Mr Trump and Sir Sadiq have locked horns.

Read more:
US and EU agree trade deal
Scots divided as Trump heads to Turnberry

Prime minister, Sir Keir Starmer (right) and Mayor of London Sir Sadiq Khan lays a wreath at the 7/7 Memorial, in Hyde Park, London, to mark
Image:
The PM told Mr Trump that Sir Sadiq is a friend of his – seen here laying wreaths for the anniversary of the 7/7 bombings. Pic: PA

During his first presidential term, Mr Trump called the London mayor a “stone cold loser who should focus on crime in London”.

Sir Sadiq then described Mr Trump as a “poster boy for racists”.

And in November 2024, after Mr Trump won his second term, Sir Sadiq said many Londoners would be “fearful” about what it would “mean for democracy”.

However, as Sir Keir tried to show diplomacy with Mr Trump after becoming PM, Sir Sadiq said he “wanted to work closely with the American president” ahead of his inauguration in January.

The London mayor said as somebody “who believes in democracy, and voting and elections, we should recognise the fact that Donald Trump is the elected president of the United States”.

But he added: “Let’s keep our fingers crossed that this president is different from the last time he was president.”

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Trump’s Truth Social Bitcoin ETF among multiple crypto funds delayed by SEC

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Trump’s Truth Social Bitcoin ETF among multiple crypto funds delayed by SEC

Trump’s Truth Social Bitcoin ETF among multiple crypto funds delayed by SEC

The SEC delayed decisions on the Truth Social Bitcoin ETF and Grayscale’s Solana Trust, extending review periods as the US Congress moves with crypto regulation.

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Anti-CBDC bill could curb Fed’s power over digital dollar, sponsor says

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Anti-CBDC bill could curb Fed’s power over digital dollar, sponsor says

Anti-CBDC bill could curb Fed’s power over digital dollar, sponsor says

The US House of Representatives will be in recess for the month of August, but the Senate still has a week of business to address two crypto bills before breaking.

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