Seventy-two Exchange-Traded Funds (ETFs) are awaiting approval, yet Bitcoin accounts for an overwhelming 90% of the investments within these funds.

Seventy-two Exchange-Traded Funds (ETFs) are awaiting approval, yet Bitcoin accounts for an overwhelming 90% of the investments within these funds.

Crypto-Related ETF Hype: Bitcoin vs. the Rest

The Securities and Exchange Commission (SEC) is warming up to the idea of approving a slew of new altcoin exchange-traded funds (ETFs), with a whopping 72 proposals currently in limbo. Despite the buzz surrounding altcoins, Bitcoin ETFs still dominate the global market, holding an impressive 90%.

In recent weeks, Bitcoin ETFs have rocked the digital assets sector, performing exceptionally well, with total net assets reaching an impressive $94.5 billion in the US. The success of Bitcoin ETFs has lured issuers to flood the SEC with new applications.

However, it's highly unlikely that any newcomer will rival Bitcoin's grand success in the ETF market. To put it into perspective, BlackRock's Bitcoin ETF was hailed as the biggest ETF launch in history. Any new altcoin product would need a substantial value-add to vie for a share of Bitcoin's market dominance.

While the flood of new proposals includes a mix of popular altcoins like XRP, Litecoin, and Solana, as well as quirky tokens such as "Penguins" and "2x Melania," analysts are skeptical about these newbies challenging Bitcoin's supremacy. Only 23 proposals refer to altcoins other than Solana, XRP, or Litecoin.

Some expect that, combined, these altcoin ETFs might displace no more than 5-10% of Bitcoin's ETF market share. Despite the slim chances, the altcoin ETF market could still attract fresh liquidity and interest, particularly if issuers start acquiring token stockpiles.

In the broader crypto landscape, regulators have become friendlier towards crypto, creating a more conducive environment for it. However, altcoin proposals face greater uncertainty due to ongoing debates about whether many altcoins qualify as securities under US law.

As institutions plan to increase crypto allocations in 2025, the early movers are expected to stick with established ETFs. But as the altcoin ETFs get the green light, it could fragment the market and introduce volatility as investors delve into new asset classes.

TonTrader, dYdX, Arkham, BingX, HTX: It's worth noting that these platforms represent potential avenues for getting involved in the exciting world of crypto. However, remember, investing in digital assets involves risks, so be prepared to potentially lose all the money you invest.

In line with the Trust Project guidelines, BeInCrypto strives for unbiased and transparent reporting. This article aims to provide accurate and up-to-date information. However, readers are advised to verify facts independently and consult with a professional before making any investment decisions based on this content. Please review our Terms and Conditions, Privacy Policy, and Disclaimers for more information.

Sources:[1] Bloomberg[2] CoinDesk[3] Deloitte[4] Wall Street Journal[5] Financial Times

1. The SEC is currently weighing 72 proposals for new altcoin exchange-traded funds (ETFs), with Bitcoin ETFs still commanding an impressive 90% of the global market.
2. Despite the buzz surrounding altcoins like XRP, Litecoin, and Solana, Bitcoin ETFs have been performing exceptionally well, with total net assets reaching $94.5 billion in the US.
3. The success of Bitcoin ETFs has made other issuers eager to flood the SEC with new applications, but it's unlikely that any newcomer will match Bitcoin's dominance in the ETF market.
4. Analysts are skeptical about new altcoin ETFs challenging Bitcoin's supremacy, expecting them to displace no more than 5-10% of Bitcoin's market share.
5. In the broader crypto landscape, regulators have become more favorable towards crypto, but altcoin proposals face greater uncertainty due to ongoing debates about whether many altcoins qualify as securities under US law.
6. Institutions planning to increase crypto allocations in 2025 are expected to stick with established ETFs, but the approval of altcoin ETFs could fragment the market and introduce volatility as investors delve into new asset classes.
7. Potential platforms for getting involved in crypto include TonTrader, dYdX, Arkham, BingX, and HTX, but investing in digital assets involves risks and potential loss of investment.
8. BeInCrypto aims for unbiased and transparent reporting, providing accurate and up-to-date information. Readers are advised to verify facts independently and consult with a professional before making any investment decisions based on this content.

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