155 cryptocurrency ETF applications in the United States are pending approval, led by Bitcoin and Solana

ChainCatcher news, according to Bloomberg, as of now, there are 155 applications for cryptocurrency-based Exchange-Traded Products (ETPs) in the United States, covering 35 digital assets, with Bitcoin and Solana each having 23 applications, XRP 20 applications, and ETH 16 applications.

Despite the U.S. government shutdown delaying the approval process, industry experts remain optimistic that approvals are imminent. Recently, issuers have actively submitted 2x and 3x leveraged ETFs and products that include staking mechanisms, reflecting a "land grab" mentality in the market for crypto ETFs. Analysts point out that investors are more inclined to diversify their investments in emerging digital assets through index and actively managed ETFs rather than single tokens. Since the launch of spot Bitcoin and Ethereum ETFs in January and July 2024, BTC ETFs have managed nearly $150 billion in assets, while ETH ETFs have about $24 billion.