The inauguration of Donald Trump as the newest President of the United States, coupled with the resignation of Gary Gensler as Chairman of the Securities and Exchange Commission (SEC) on Monday, January 20, has sparked a surge in cryptocurrency-focused exchange-traded fund (ETF) filings.
On January 17, optimism in the industry became evident as at least four cryptocurrency-related ETF proposals were submitted to the SEC.
Recent Crypto ETF Filings with the SEC
ProShares, renowned for launching the first Bitcoin-linked ETF, submitted a filing for a Solana (SOL) Futures ETF.
The proposed fund would allow investors to gain exposure to Solana’s price movements through futures contracts rather than direct ownership of the asset.
ETF analyst James Seyffart highlighted the uniqueness of this proposal, noting the absence of CME futures for Solana and expressing skepticism about the size and liquidity of Coinbase’s SOL futures market.
In addition, ProShares expanded its efforts by submitting filings for leveraged, inverse, and futures ETFs tied to XRP.
These filings come amid a wave of interest in spot XRP ETFs, with companies like Bitwise, 21Shares, Canary Capital, and WisdomTree having already submitted applications.
Tidal DeFi has partnered with Oasis Capital to propose the Digital Asset Debt Strategy ETF (DADS), which aims to invest in crypto-related companies, including mining firms and payment platforms.
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