The US Securities and Stock Exchange Commission (SEC) examined 72 different ETF applications in the crypto currency area. While this move is increasing the expectations of new product diversity that investors have been waiting for a long time, it is possible to interpret that the process can change the balance of power in the market.
Scope of Applications and Altcoins attracting attention
ETF applications include a very wide range. In addition to important projects such as Solana, XRP, Litecoin, Sui, Hedera and Axalar, assets such as BNB, Cardano, Avalanche, Polkadot, Dogecoin, Aptos and Chainlink are among the applications. In some files, ETF suggestions based on projects such as Pudgy Penguins, Bonk, Official Trump and Melania, which are included in the breast coin category.
Some applications only target certain assets; Others aim to offer risk distribution and diversity by creating digital money baskets. This reflects the desire of market players to reach a wider product portfolio by going beyond traditional investment instruments.
ETF structures, as well as fundamental stones such as Bitcoin and Ethereum, Altcoins also find a place for themselves. However, investment experts believe that the impact of these products may be limited.
What do analysts say, what’s the market awaits?
James Seyffart, one of the Bloomberg Intelligence analysts, says that the ETF applications submitted to the SEC were examined tidyly. Although the volume of these applications shows that there is a serious demand in the crypto currency market, it is pointed out that the main interest of investors is still intensified on the Bitcoin axis.
Senior analyst Eric Balchunas draws a clearer picture: “Bitcoin ETFs make up 90 %of global crypto fund assets. Altcoins play a smaller role in this table for now.” In other words, even though the expectations are great, the direction of the market is still based on Bitcoin.
These comments reveal that investors’ risk appetite and trust -based preferences are still shaped around the largest crypto currency. However, this does not mean that interest in alternative projects is reduced; On the contrary, a more cautious strategy is trying to create product diversity.
Regulation history and expanding horizon
With SEC’s approval to the Spot Bitcoin ETF in 2024, billions of dollars of investment was released. Then, Ethereum -based ETFs were allowed to be traded, and these developments opened a new page in the crypto currency sector. Now, 72 applications are on the agenda and this number reveals the pressure on the regulatory institution.
In the past, the approval of the past had had a great impact. For this reason, investors are curiously waiting for whether the current attitude of the SEC will have a similar impact. New applications give an idea not only about investment products, but also about the future of the sector.
How the SEC will approach these applications both can determine the fluctuations in the market in the short term and shape the strategies of corporate investors in the long term. The eyes are now in this decision process.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
