The U.S. Securities and Exchange Commission (SEC) is set to review more than 70 crypto ETFs in 2025

This upcoming wave follows the SEC's historic approval of spot Bitcoin ETFs in early 2024, a move that opened the door to broader institutional interest in crypto assets.

The U.S. Securities and Exchange Commission (SEC) is set to review more than 70 crypto ETFs in 2025, with proposals spanning altcoins, meme coins, indexes, and derivatives—signaling a potential turning point in how digital assets are packaged for mainstream investors.

Senior Bloomberg ETF analyst Eric Balchunas noted that the lineup of proposed crypto ETFs now pending with the SEC showcases a diverse range of assets, encompassing everything from altcoins and meme coins to more intricate derivative instruments.

There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff pic.twitter.com/IHTqqxeH35

“Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year,” Balchunas wrote in an X post.

This upcoming wave follows the SEC’s historic approval of spot Bitcoin ETFs earlier this year, a move that opened the door to broader institutional interest in crypto assets. While Bitcoin and Ethereum remain the likely frontrunners for initial multi-asset ETF products, market watchers anticipate the SEC could gradually expand its approvals—especially for tokens that haven’t been the subject of major legal or regulatory challenges.

However, some of the tokens referenced, including XRP and Solana, have been caught up in questions about whether they qualify as securities under U.S. law—a factor that could delay or derail their inclusion in regulated financial products.

Paul Atkins’ swearing-in as the new SEC chair signals the beginning of a new chapter for the SEC, one expected to prioritize collaborative oversight of the crypto sector. While known for his deregulatory stance during a previous tenure at the Commission, Atkins now steps into a markedly different financial landscape—one where decisions on cryptocurrency classifications and listings carry greater weight.

Industry analysts note that Atkins will likely face key decisions over whether certain cryptocurrencies qualify for listing as commodity-based trusts, a classification that could pave the way for additional exchange-traded funds. With 72 crypto ETF proposals awaiting review, Atkins’ leadership will be critical in how the agency balances innovation with investor protection.

As the market awaits early signals from the new chair, stakeholders across the digital asset space will be watching closely to see how his approach evolves.