On April 9, 2025, the U.S. Senate confirmed the nomination of President Donald Trump’s pro-crypto pick, Paul Atkins, as chairman of the Securities and Exchange Commission (SEC). Atkins was sworn into office on April 21 as the 34th chairman of the agency.
Less than a week into office, Atkins is said to be facing 72 crypto-related exchange-traded fund (ETF) applications—whether the regulator will approve or reject them. This was according to analyst Eric Balchunas,
What cryptocurrencies are included in these ETF applications?
Tokens with Ongoing Application for an ETF
In alphabetical order. The list of issuers was based on Balchunas’ report on Bloomberg. As of 21, 2025.
- Note: The tokens listed are for spot ETF. BitPinas put an additional note for those with other ETF trading applications such as in-kind, staking, and options.
Aptos
- What it is: The native token of Aptos, a next-generation Layer 1 blockchain designed for scalability, security, and upgradeability.
- Token Ticker: $APT
- Issuers Applied for the Token’s ETF: Bitwise
Avalanche
- What it is: The native token of Avalanche, a Layer 1 blockchain platform claiming to be fast, versatile, secure, affordable, and accessible.
- Token Ticker: $AVAX
- Issuers Applied for the Token’s ETF: Grayscale, VanEck
Axelar
- What it is: The native token of Axelar, a multichain platform aimed at solving interoperability issues across different blockchains.
- Token Ticker: $AXL
- Issuers Applied for the Token’s ETF: Canary
Bitcoin
- Note: While spot BTC ETFs exist, current applications are for in-kind trading. In-kind trading is when an investor sells their BTC ETF, they will not receive cash, but instead, other kinds of securities and investment assets.
BNB
- What it is: The native token of the Binance ecosystem, including BNB Chain, a decentralized wallet, and its centralized exchange.
- Token Ticker: $BNB
- Issuers Applied for the Token’s ETF: Tuttle Capital
Bonk
- What it is: A meme coin on the Solana blockchain, featuring products like Bonk Swap, Bonk BOT, and Bonk Rewards.
- Token Ticker: $BONK
- Issuers Applied for the Token’s ETF: Tuttle Capital, REX-Ospray
Cardano
- What it is: The native token of Cardano, a Layer 1 blockchain using proof of stake for smart contracts.
- Token Ticker: $ADA
- Issuers Applied for the Token’s ETF: Tuttle Capital, Grayscale
Chainlink
- What it is: The native token of Chainlink, a blockchain oracle network transferring tamper-proof data from off-chain to on-chain systems.
- Token Ticker: $LINK
- Issuers Applied for the Token’s ETF: Tuttle Capital
Dogecoin
- What it is: A meme coin featuring a Shiba Inu named Kabosu. Elon Musk is widely regarded as the “DOGE Father.”
- Token Ticker: $DOGE
- Issuers Applied for the Token’s ETF: Bitwise, REX-Ospray, 21Shares, Grayscale
Ethereum
- Note: Spot ETH ETFs exist. Current applications are for in-kind, staking, and options trading.
Hedera
- What it is: The native token of Hedera, a public ledger using the Hashgraph consensus for fast and secure transactions.
- Token Ticker: $HBAR
- Issuers Applied for the Token’s ETF: Grayscale, Canary
Litecoin
- What it is: A Bitcoin fork created over concerns about centralization in BTC.
- Token Ticker: $LTC
- Issuers Applied for the Token’s ETF: Canary, CoinShares, Tuttle Capital
Melania Meme
- What it is: A meme coin inspired by former First Lady Melania Trump.
- Token Ticker: $MELANIA
- Issuers Applied for the Token’s ETF: Tuttle Capital
Official Trump
- What it is: A meme coin inspired by President Donald Trump.
- Token Ticker: $TRUMP
- Issuers Applied for the Token’s ETF: Tuttle Capital, REX-Ospray
Polkadot
- What it is: The native token of Polkadot, a multichain protocol enabling blockchain interoperability.
- Token Ticker: $DOT
- Issuers Applied for the Token’s ETF: Bitwise
Pudgy Penguins
- What it is: A token linked to the Pudgy Penguins NFT ecosystem on Ethereum.
- Token Ticker: $PENGU
- Issuers Applied for the Token’s ETF: Canary
Solana
- What it is: The native token of Solana, a Layer 1 blockchain using proof of history and delegated proof of stake.
- Note: Applications exist for staking and short trading, in addition to spot ETFs.
- Token Ticker: $SOL
- Issuers Applied for the Token’s ETF: Tuttle Capital, REX-Ospray, ProShares, Fidelity, 21Shares, VanEck, Grayscale, Canary, Bitwise, Franklin
Sui
- What it is: The native token of Sui, a Layer 1 blockchain using transaction parallelization for low-cost transfers.
- Token Ticker: $SUI
- Issuers Applied for the Token’s ETF: Canary
XRP
- What it is: The native token of Ripple, a digital payment network that uses consensus via a group of bank-owned servers.
- Note: Applications also exist for short trading of XRP ETFs.
- Token Ticker: $XRP
- Issuers Applied for the Token’s ETF: Tuttle Capital, Teucrium, REX-Ospray, ProShares, Franklin, CoinShares, Wisdomtree, Canary, Bitwise, 21Shares, Grayscale
This article is published on BitPinas: List of 72 Crypto ETF Applications Now Under Review by SEC Chair Paul Atkins
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