- XRP and Solana lead 2025 ETF filings, showing rising institutional crypto interest
- SEC faces mounting pressure with 72 crypto ETF applications under review in 2025
- New SEC Chair Paul Atkins may reshape ETF rules for altcoins and novelty tokens
The US Securities and Exchange Commission (SEC) faces unprecedented crypto industry pressure in 2025.
Analyst MartyParty highlighted Monday a record 72 crypto ETF applications now await approval, covering assets from top altcoins like XRP and Solana to various meme coins.
XRP, Solana Lead Altcoin ETF Push
XRP and Solana clearly lead this altcoin ETF race, apparently fueled by institutional interest. XRP boasts ten applications by mid-April; Solana follows with five. Litecoin and Dogecoin are tied with three each, often cited for their liquidity, market maturity, and strong community backing.
Related: Solana Losing U.S. Market Share: Could This Pump Chances of XRP ETF Approval?
The diverse list also includes unconventional funds, such as a leveraged Melania Trump token ETF from Turtle Capital. This Cayman Islands issuer filed ten leveraged crypto proposals total, underscoring crypto’s deep embedding in speculative and institutional finance.
New SEC Chair Faces Defining Crypto Decisions
Paul Atkins’ recent confirmation as new SEC Chair signals potential regulatory shifts, given his known deregulatory stance. He now confronts the complex task of defining a clear framework for digital asset ETFs.
A key task involves deciding how diverse crypto tokens might be structured, potentially as commodity-based trusts like the approved spot Bitcoin ETFs. Atkins’ decisions on this could set critical precedents for future listings.
Related: Litecoin Seen Leading Altcoin ETF Race as SEC Approval Odds Weighed for Dogecoin, XRP, and Others
Currently, only spot Bitcoin and Ethereum ETFs have gained US approval. But many believe regulatory tides are turning, evidenced by the sheer volume of applications suggesting market readiness, alongside mounting demand from retail and institutional investors seeking easier crypto access.
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