Crypto ETF Avalanche: SEC Flooded with Filings for Avalanche, Sui, and Bonk Products as Issuers Push Boundaries

Wall Street's latest gold rush just went crypto—again.

The SEC's inbox is overflowing with a fresh wave of ETF applications, this time targeting altcoins like Avalanche, Sui, and even meme-king Bonk. Issuers aren’t just dipping toes; they’re diving headfirst into regulatory gray zones.

Testing the limits—or ignoring them?

Asset managers smell blood in the water after Bitcoin and Ethereum ETF successes. Now they’re ramping up pressure on the SEC to greenlight products for tokens further down the crypto food chain. It’s a bold move—some might say reckless—but the potential payoff? Massive.

Avalanche brings scalability, Sui pitches next-gen tech, and Bonk… well, Bonk brings memes and momentum. Whether that’s enough for the SEC remains anyone’s guess.

Another day, another attempt to repackage volatility for your retirement portfolio—because what’s finance without a little gambling flair?

Analysts assign varying approval odds to the new applications, with infrastructure tokens, such as Avalanche, receiving the highest chances.

At the same time, memecoins and basis trading products face “more scrutiny” from regulators concerned about their volatility and liquidity profiles.

Infrastructure Tokens Lead Approval Odds While Exotic Products Face Steeper Climb

Bitwise joins VanEck and Grayscale in pursuing institutional-grade Avalanche exposure, with analysts calling AVAX the “highest chance of approval because it’s a simple product relative to others.”

The infrastructure positioning and established market cap provide regulatory comfort compared to more speculative alternatives.

The basis trade approach represents the “first of its kind” and will likely face “more scrutiny” given its complexity.

For instance, Tuttle Capital Management became the second U.S. fund manager filing for spot Bonk ETF exposure alongside “Income Blast” products covering long-tail altcoins.

This follows Safety Shot’s $25M BONK treasury strategy launched earlier in August.

Traditional beverage company Safety Shot enters crypto with $25M $BONK treasury strategy as meme coins gain Wall Street adoption through ETF filings and corporate treasuries.#BONK #Treasuryhttps://t.co/E3U3sh6t47

However, analysts warn memecoin-linked products face steeper climbs due to concerns over “volatility and liquidity” compared to established infrastructure tokens.

The SEC provided clarity in February that memecoins aren’t securities. Most analysts believed that infrastructure coins like Avalanche are “close enough to Ether” to warrant strong consideration for approval.

Beyond crypto ETFs, Bitwise also filed for a Stablecoin & Tokenization ETF.

The institution aims to address the institutional demand for exposure to programmable money and real-world asset tokenization trends, which are accelerating across traditional finance integration with blockchain infrastructure.

Generic Listing Standards Could Trigger Simultaneous Product Launch Wave

Bloomberg analyst Eric Balchunas attributes systematic SEC delays to coordination with generic listing standards requested by Cboe and NYSE in July.

The institutions proposed amendments that WOULD allow for automatic crypto ETF listings without requiring case-by-case regulatory review, potentially eliminating the current 240-day process.

Generic standards would accelerate multiple product launches simultaneously, rather than having them staggered and requiring separate approvals.

Similar to Nate, Balchunas also expects a “” following anticipated October approval of streamlined procedures that could address accumulated demand across altcoin categories.

The SEC extended Franklin Templeton’s solana and XRP ETF decisions to November 14 while postponing BlackRock’s Ethereum staking amendment to October 30.

Prediction markets assign 99% approval probability for Solana ETFs and 96% for XRP products as institutional confidence builds around regulatory clarity.

Similarly, dogecoin maintains a 96% approval odds despite its origins as a meme coin.

Current uncertainty affects over 90 crypto ETF applications spanning diverse digital assets beyond Bitcoin and Ethereum. Solana and XRP currently lead the list of applications.

Solana treasury companies position tens of billions in accumulation funds, anticipating approvals, while institutional demand continues building with bitcoin ETFs recording consecutive daily inflows.

The filing blitz occurs as President Trump’s pro-crypto stance creates regulatory optimism, with Chair Atkins declaring “Crypto’s time has come” at international forums.

Additionally, Atkins’ “Project Crypto” initiative is also working towards modernizing securities rules and unifying digital asset frameworks amid growing institutional pressure.