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The number of altcoins for which an ETF application has been made has increased to 20: The decision is awaited.
Following the approvals granted for Ethereum and Solana after Bitcoin, ETF applications based on altcoins continue to come in.
Finally, the investment company Canary Capital has applied for an Injective (INJ) spot ETF. Thus, the number of altcoins for which a spot ETF application has been made, aside from ETH and SOL, has risen to 20.
These are as follows:
The application files for these altcoins are still pending with the U.S. Securities and Exchange Commission (SEC). It is mandatory for the agency to reach a final decision within this year. The SEC had approved Rex-Osprey’s Solana spot ETF application in recent weeks, but no decision has been made yet regarding other companies’ Solana applications. On the other hand, the SEC approved the conversion of Grayscale’s mixed fund, which includes BTC, ETH, XRP, SOL, and ADA, into a spot ETF this month but had suspended the launch of the ETF.
Finally, according to Bloomberg analysts, the altcoins with the highest likelihood of approval by the end of this year are XRP, DOGE, ADA, HBAR, and AVAX.
Published: July 17, 2025 18:19