Floods in the Crypto ETF application collided with the Securities and Exchange Commission on Tuesday, with five different filings spreading across all, from avalanche infrastructure that one analyst called “wild” territory to Bonk (Bonk).
Included in the lineup Bitwise’s spot Avalanche ETF and Stablecoin & TokenizationETF, Defiance ETF It was built around Bitcoin and Ethereum Covers basic transaction, Tuttle’s “income blast” funds Bonk (bonk), litecoin (LTC), and sui (sui), and T-rex leverage 2x orbs etf, According to Nate Geraci, co-founder of ETF Institute.
Together, they will expand the already inflated roster of over 90 Crypto ETF applications Pending before regulatory authorities.
“The Spot Avax ETF should have the most likely chance of approval as it is a simple product compared to others,” said Pratik Kala, director of research at Apollo Crypto. Decryption.
Bitwise will be participating Vaneck and Grey scale When pursuing facility grade exposure to Avax ETFs.
However, Kara expressed skepticism about more exotic products, saying, “As far as I know, the basic trade ETF will be more scrutinized as far as I know.”
He was referring to Defiance ETFS’ market-neutral Bitcoin and Ethereum funds, which implement hedge fund arbitrage strategies by purchasing spot ETFs while shortening futures contracts.
Sudhakar Lakshmanaraja, founder of Digital South Trust, repeatedly conveyed Kala’s reputation Decryption While the SEC “is much more likely to have Greenlight Avax and Stablecoin/Tokenization ETFS,” it is facing “memecoin linked products” due to concerns about ‘volatility and liquidity.’
Tuttle Capital Management, which manages more than $3.6 billion in assets, has become the second US fund manager to file with the Spot Bonk (Bonk) ETF along with “Income Blast” products covering Litecoin and SUI.
“The explosion of revenues for long-tailed altcoins is also difficult because their optional volume is slim,” Kara said. Decryption. “It is fair that the SEC draws difficult lines into Memecoin-based ETFs due to the long-term sustainability of some of these coins and a lower liquidity profile.”
Pav Hundal, lead analyst at Swyftx, said Decryption “Infrastructure coins like Avax are close enough to ether,” and “the same applies to SUI.”
He said the SEC provided “clearity” in February, saying “Meme Coins is not a securities,” suggesting more applications would continue.
However, Hundal shows particular enthusiasm for Base Trade ETFs, calling it “exceptional” as “market neutral products have not yet been launched”, and predicts “there could be a large amount of funds to cover these types of yields.”
Filing Blitz comes as Rex-Soprey’s Dogecoin ETF I’ll prepare After completing the SEC review period, he will debut this week.
Kala said it is wild that “ETF applications on long-tailed crypto and memo coin assets are considered “ETF applications” as the issuer of “Big Wealth Transfer” and “Max Wealth Transfer” to younger generations, “Memes play a major role in investment.”
