Crypto ETF approval is at an all-time high, with 72 cryptocurrency funds currently awaiting review by the U.S. Securities and Exchange Commission (SEC), according to Bloomberg ETF analyst Eric Balchunas. The wide range of applications includes both major altcoins and memecoins — from XRP, Solana, and Litecoin to Doge and Melania coin.
“Everything from XRP, Litecoin, and Solana to Penguins, Doge, and 2x Melania — and everything in between — is waiting in line,” Balchunas wrote on X.
“2025 is going to be a wild year.”
Altcoins and Memecoins Compete for Spot ETF Approval
The applications reflect growing demand for diversified crypto exposure via regulated products. As of April 15, ETF issuers had submitted:
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10 applications for XRP ETFs
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5 for Solana ETFs
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3 each for Litecoin and Dogecoin
Dogecoin, boosted by its frequent association with Elon Musk, continues to draw public and institutional attention.
What the Crypto Community Can Expect
If even a fraction of these ETFs receive SEC approval, it could significantly expand institutional access to altcoins and memecoins beyond Bitcoin and Ethereum. Balchunas describes this as a record-breaking moment that may reshape the crypto investment landscape in 2025.
While the SEC has historically been cautious, the sheer volume of applications may indicate growing pressure for regulatory adaptation in the crypto ETF space.
