New ETF Filings Signal Massive Crypto Product Expansion on Horizon
Wall Street's latest move proves even traditional finance can't ignore crypto's gravitational pull.
THE ETF FLOODGATES ARE OPENING
Asset managers queue up filings like it's 2021 all over again—just with more regulatory paperwork this time. They've spotted the demand and aren't about to let regulatory nuance stand between them and profit.
BEYOND BITCOIN: THE ALTCOIN INVASION
Ethereum ETFs? Done. Now watch as filings expand to include Solana, Cardano, and even meme coins—because nothing says 'mature asset class' like institutional money chasing dog-themed tokens.
THE REGULATORY TIGHTROPE
SEC approval remains the ultimate gatekeeper, but the sheer volume of filings suggests managers smell blood in the water. They're betting regulators will eventually bend to market pressure—as they always do.
Retail investors get easier access while Wall Street collects its usual fat fees—some things never change in finance, even when the assets supposedly 'disrupt' everything.
ETFs all round
Recent reports revealed JPMorgan is exploring offering clients financing against crypto ETFs, which Tam called "a profound sign of mainstream acceptance" that introduces new capital efficiency for institutions.
Yet delays continue across multiple fronts, with the SEC pushing back decisions on TRUMP Media's Bitcoin-Ethereum ETF until October 8, while extending deadlines for spot XRP funds from Grayscale, CoinShares, Canary Capital, Bitwise, and 21Shares.
Solana ETF decisions from Bitwise, 21Shares, VanEck, and others face delays until October 16, with regulators citing needs for "sufficient time to consider" the proposals.
Major issuers such as Invesco Galaxy, Ark 21Shares, and others recently filed amendments seeking in-kind redemptions for their Bitcoin and Ethereum ETFs, which Seyffart previously characterized as "positive signs" indicating "fine-tuning happening with the SEC."
Balchunas recently told Decrypt the recent delays were "nothing significant" and predicted "a batch of approvals based on the listing standard starting in October."
Peter Chung, head of research at Presto Labs, agreed with Balchunas's timeline predictions while noting performance hurdles, telling Decrypt that “crypto or not, the challenge for any active ETFs is the managers’ ability to beat a benchmark.”
Crypto ETFs are “definitely more volatile,” he said, meaning retail investors must educate themselves, but ultimately the products are about “giving investors more choices.”
