BIG CORRECTION: The โ126 Crypto ETFโ story is already OLD
If youโre still quoting 126
#crypto ETFs, youโre behind the market.
Hereโs the real situation, in plain English ๐
Whatโs really happening?
Bloomberg ETF experts
#ERIC Balchunas and James Seyffart say the
#SEC is facing a flood of crypto ETF filings.
This isnโt a trend, itโs a land rush.
โ The 126 number is outdated
โ
Latest data (October 2024):
๐ 155 crypto ETP filings
๐ Covering 35 different crypto assets
Whoโs actually leading?
Bitcoin
$BTC : 23 filings
Solana
$SOL : 23 filings (yes, tied with Bitcoin)
$XRP : 20 filings
Ethereum: 16 filings
Basket ETFs: 10 filings
Important corrections most people missed:
Bitcoin is not the clear leader anymore
Solana demand has exploded
XRP filings are double what earlier reports claimed
Basket ETFs are overstated in old data
Look at the speed:
April 2024 โ 72 filings
August 2024 โ 92 filings
Mid-2024 โ 126 filings
October 2024 โ 155 filings
Whatโs next?
Bloomberg analysts expect 200+ crypto ETF filings within the next 12 months.
This is not noise. This is Wall Street racing into crypto, fast.
The
#etf wave is just getting started.
#CryptoRally