Here Are The Crypto ETF Filings And Amendments In Last 48 Hours

Nate Geraci, the President of ETFStore, recently highlighted several crypto Exchange-Traded Fund (ETF) filings and amendments done in the last 48 hours.

These filings were made days before Gary Gensler exits as Chairman of the US Securities and Exchange Commission (SEC).

Major Crypto ETF Filings in Last Days of Gary Gensler

Some firms leading the ETF wave in the last 48 hours include VanEck, Canary Capital, Oasis Capital, CoinShares, and ProShares.

On January 15, asset manager VanEck submitted an “Onchain Economy” ETF filing with the US SEC.

VanEck’s proposed ETF is designed to invest in various crypto firms across the industry. These include firms like mining companies, infrastructure builders, crypto exchanges, and others.

Additionally, on Wednesday, Nasdaq submitted a 19b-4 and an amended S-1 form on behalf of Canary Capital.

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The firm first submitted applications for Canary Litecoin ETF approvals in October. Thus, the recent amendment officially puts the SEC on notice to decide.

This week, Tidal DeFi, a decentralized finance asset manager, filed for its Oasis Capital Digital Asset Debt Strategy ETF (DADS).

The fund aims to invest in debt instruments issued by crypto enterprises, such as miners, energy firms, and payment platforms.

Digital asset manager CoinShares also filed for the “CoinShares Digital Asset ETF.” The fund seeks to track its proprietary Compass Crypto Market Index.

Furthermore, ProShares has submitted filings for leveraged, inverse, and futures ETFs tied to XRP. Besides this fund, ProShares applied for a Solana and XRP Futures ETF.

Nate Gerrci emphasized that these applications are the latest ETF filings in anticipation of new leadership at the SEC.

Shifting Regulatory Trends

The crypto industry anticipates regulatory shifts under the incoming administration of President-elect Donald Trump.

The president-elect’s new administration is expected to adopt a more crypto-friendly stance.

Gensler’s tenure, which began in April 2021, is marked by high-profile crypto crackdowns.

These include lawsuits involving Ripple Labs, Coinbase, and Binance and cases related to unregistered securities offerings.

The SEC is expected to begin a review of these court cases in the first few days of the new administration.

Sources revealed that the SEC could potentially freeze some litigation that does not involve allegations of fraud

Market participants also expect top Republican officials at the SEC to release a new crypto regulatory framework.

Crypto advocate Paul Atkins’s nomination to chair the SEC could go a long way toward making this vision a reality.

Moreover, Congress appears poised to enact new laws and several proposals, including a framework for regulating crypto and stablecoins.

Odds of Top Crypto ETF Approvals

As the crypto space entered a new year of innovations, experts predict that 2025 will be the year of ETFs.

Solana, XRP, Hedera, and Litecoin are among the strongest contenders hoping to receive an ETF approval in 2025.

Major companies, including Bitwise, 21Shares, and WisdomTree, have filed applications for their XRP ETFs with the U.S. SEC.

Anticipations surrounding a potential launch have fueled XRP to hit new highs of over $3.2.

Solana is also positioned as another crypto that will receive ETF approval. Analysts predict that the first spot Solana ETF will launch as early as Q1 2025.

In June 2024, VanEck filed for the spot Solana ETF to list on the Cboe BZX Exchange.

ETF analyst Eric Balchunas recently spotlighted Litecoin as the next in line for a spot ETF approval. He sees Canary’s recent filing amendments as a positive sign toward this goal.

Meanwhile, Polymarket has predicted a 70% approval odds for XRP ETF, a 78% chance for SOL ETF, and 31% for Litecoin ETF.