XRP and Solana Front 155 ETF Filings as SEC Backlog Grows

• SEC now has 155 crypto ETF filings, with Solana, XRP, Bitcoin, and Ethereum at the front.
• Government shutdown slowed decisions, pushing final dates and creating a backlog.
• Experts say baskets win as TradFi prefers index or active crypto ETFs over single tokens.

A new compilation from James Seyffart shows 155 crypto ETF applications awaiting SEC action. The pile grew over the past year as issuers chased regulated wrappers for coins beyond Bitcoin and Ethereum. 

Since the U.S. government shutdown, now in its third week, has left the SEC with minimum staffing, which delayed decisions and widened the queue. That bottleneck now shapes the next twelve months of approvals and denials. 

Solana Leads the Spot ETF Application Rush

Out of the 155 crypto ETFs, different fund managers have filed with the U.S. SEC to offer 23 spot Solana (SOL) ETFs. Some of the notable spo…

Read The Full Article XRP and Solana Front 155 ETF Filings as SEC Backlog Grows On Coin Edition.