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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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The GENIUS Act passed and DePIN should be next

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The GENIUS Act passed and DePIN should be next

The GENIUS Act passed and DePIN should be next

The next frontier for crypto innovation is clear: Decentralized physical infrastructure networks need a tailored legal framework to unlock their full potential. It’s time for lawmakers to provide regulatory clarity for DePIN.

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PM urged to take three key steps ahead of emergency cabinet meeting on Gaza

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PM urged to take three key steps ahead of emergency cabinet meeting on Gaza

British Palestinians have called on Sir Keir Starmer to take “immediate, concrete” steps on Gaza instead of “focusing on a symbolic gesture” of recognising it as a state ahead of an emergency cabinet meeting.

The prime minister has recalled his cabinet ministers from parliamentary recess for a meeting at 2pm, when they will discuss what the UK’s next steps should be, after Sir Keir held meetings with Donald Trump yesterday.

Ahead of the cabinet meeting, the British Palestinian Committee (BPC), which represents the experiences of Palestinians in the UK, has sent Sir Keir a letter urging him to take actions they say could make a real difference to people in Gaza.

Gaza latest: ‘Worse-case scenario of famine’ unfolding

The war has now been going on for 21 months after it was sparked by Hamas militants killing 1,200 Israelis and taking 250 hostages on 7 October 2023. The militant group still holds 50 hostages, of whom only 20 are believed to be alive.

The BPC said recognising Palestine as a state is now “symbolic” as it “will not end the genocide and must not be used to deflect from accountability”.

Sir Keir has been under pressure from his own MPs and other UK political parties, notably since France said it will recognise Palestine as a state, but has so far resisted – saying recognition needs to be part of a wider peace plan.

He has so far refused to say whether “genocide” is taking place in Gaza – a claim Israel has vehemently denied.

Israel has paused fighting in three areas for another 10 hours today to help aid distribution, the third day it has done so amid mounting international condemnation of the scenes of hunger unfolding in Gaza.

David Mencer, a spokesperson for the Israeli government, said: “There is no intent, (which is) key for the charge of genocide… it simply doesn’t make sense for a country to send in 1.9 million tonnes of aid, most of that being food, if there is an intent of genocide.”

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Sky News on board Gaza aid plane

The BPC, an independent group, said the government has “not only a political and moral obligation, but a legal obligation” to take three steps.

They are:

• Preventing and punishing Israel’s “genocide” in Gaza and to end “all complicity in it”

• Apply “immediate and comprehensive sanctions on Israel”

• Safeguard the rights to freedom of expression and assembly in the UK

More specifically, the group has called on Sir Keir to end “all forms of military collaboration, urgently review all public contracts to ensure they are not aiding unlawful occupation or genocidal acts, and support universal jurisdiction mandates”.

Read more:
25% of young children and pregnant women malnourished in Gaza
The view from a plane dropping aid into Gaza

Palestinians wait to receive food from a charity kitchen, amid a hunger crisis, in Gaza City, July 28, 2025. REUTERS/Khamis Al-Rifi
Image:
The BPC said the UK could take immediate steps to help starving Gazans. Pic: Reuters

The group said these steps would help towards ending the starvation crisis in Gaza, which it said had been made possible “due to the impunity granted to” Israel and “compounded by the active military, economic and diplomatic support from states such as the UK”.

The group also accused the UK government of introducing “draconian legislation to limit the rights” of British citizens campaigning to end the atrocities “and British complicity in those atrocities” – in reference to Palestine Action being designated as a terrorist organisation.

‘Immediate steps’ Britain can take

Dr Sara Husseini, director of the BPC, said: “We wrote to the prime minister to remind the UK cabinet of their legal obligations towards the Palestinian people.”

She said there are a “number of immediate steps” the British government “can and should be taking”, as outlined in the letter.

Dr Husseini said 147 countries have already recognised Palestine as a state, and instead of “focusing on a symbolic gesture” it is essential the UK severs diplomatic ties with Israel, institutes a full arms embargo, applies comprehensive sanctions and cuts trade.

“Anything short of this amounts to complicity,” she added.

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Has Trump broken from Netanyahu over Gaza?

Ahead of the cabinet meeting, senior minister Peter Kyle told Sky News the PM had decided to call an emergency meeting “to discuss all of the actions that Britain can and should be taking at a time like this”.

He said recognising Palestine as a state is a manifesto commitment but the “real priority” right now is to try to get aid into Gaza.

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How Corbyn’s new party is preparing for battle – and where insiders think they could win

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How Corbyn's new party is preparing for battle - and where insiders think they could win

Jeremy Corbyn and Zarah Sultana’s new party will offer “unapologetically socialist” policies, with the pair to embark on a nationwide tour to listen to ideas, Sky News understands.

The former Labour MPs are aiming to hold the party’s first conference in the autumn to help decide what it stands for and models of leadership.

Farage condemns ‘disgusting’ Savile remark – politics live

Ms Sultana told Sky News its policies will include “democratic public ownership of key industries, universal free childcare, rent controls, free public transport and much more”.

Mr Corbyn, the ex-Labour leader, added there is “huge appetite for the policies that are needed to fix society”, including “wealth redistribution, housing justice, and a foreign policy based on peace and human rights”.

The autumn conference will be for paid members rather than those who have simply signed up to the party’s website.

How to translate signups into membership, and exactly how members will have their say on policies, will be discussed as part of a “founding process” over the next few months.

This will involve local engagement with communities up and down the country, including rallies and meetings fronted by Mr Corbyn and Ms Sultana, as well as “other public figures”, a source close to the party told Sky News.

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Corbyn’s new party shakes the left

Election goals

While there are many details to be fleshed out, including the name, the pair’s “primary aim” is to make gains at the local elections next May, it is understood.

Mr Corbyn and Ms Sultana announced their new venture last Thursday, and claim more than half a million people have signed up, but “Your Party” is only an interim name. Members will decide the official one in due course.

Insiders have claimed they are attracting support from a wide geographical area, the strongest bases being in London, the North West, and Yorkshire and the Humber.

It remains to be seen whether those who have expressed an interest will go on to join the party.

However, there is a risk it could eat into Labour’s vote share by attracting those on the left unhappy with the direction of the Starmer government, particularly on issues like Gaza and welfare.

Read more:
PM’s warfare vs welfare dilemma
‘Worst-case’ famine warning in Gaza

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Corbyn open to ideas on new party name

Mr Corbyn led the Labour Party from 2015 to 2020 before being suspended following a row over a report into antisemitism. He retained his seat in Islington North after standing in last year’s general election as an independent.

Ms Sultana was suspended as a Labour MP last year after rebelling against the government over the two-child benefit cap, and announced she was quitting the party to launch a new one with Mr Corbyn earlier this month.

Polling by More in Common before the new outfit was officially announced suggested it could take 10% of the vote at a general election, mainly from Labour and the Greens.

This has raised the prospect of Mr Corbyn striking a deal with the Greens, where both sides would agree to stand down in seats where the other has a stronger chance of winning

Could Farage benefit?

The Islington North MP has suggested he is open to collaboration with progressive parties, but it is understood that electoral strategy will be informed by conference. It is also not clear if the Greens would agree to any such pact.

Some MPs are worried the split in the left vote could make it easier for Nigel Farage, already ahead in the polls, to enter Downing Street.

Patrick Hurley, the Labour MP for Southport, told Sky News: “The thing I’m worried about with regard to the unnamed but already chaotic Corbyn Party is that they let Reform through the middle by taking votes off a progressive centre left party like Labour.

“They won’t be a threat electorally, but they may well let the radical right wing into power by splitting the vote.”

However, Labour was dismissive of the threat the party posed, with a source saying: “The electorate has twice given its verdict on a Jeremy Corbyn-led party.”

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