Top Analyst on Crypto ETF Filings: ‘The Floodgates Have Opened’

Analyst Nate Geraci has predicted yet another wave of exchange-traded funds (ETFs) filings. 

Now that the "floodgates have opened," Geraci expects issuers to start testing the regulatory boundaries of the new cryptocurrency-friendly SEC administration.

Last week, there was an impressive number of new crypto ETF filings. On Jan. 24, Grayscale filed a 19b-4 form for a Solana ETF with the New York Stock Exchange (NYSE). 

On top of that, the crypto-focused asset management firm also filed for the Grayscale Bitcoin Adopters ETF. The proposed product will provide exposure to companies that hold the flagship cryptocurrency as a treasury asset. 

Testing the SEC's limits

CoinShares also filed for Litecoin and XRP ETFs in the U.S. Litecoin, one of the oldest cryptocurrencies, has now emerged as the next possible contender to get its own ETF approved in the state. 

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Rex Shares also recently proposed an ETF that would track the value of the Dogecoin meme coin among other products, apparently trying to test the SEC's limits. Bitwise, the most prominent crypto index fund manager, is also preparing to launch a DOGE ETF. 

A strong start 

Meanwhile, Bitcoin ETFs attracted nearly $2 billion worth of inflows last week. These products have been quietly outperforming this year after becoming one of the biggest stories of 2024. 

Last year, Bitwise predicted that Bitcoin ETFs would be able to attract even bigger inflows in 2025.  

Meanwhile, the price of the leading cryptocurrency has plunged below the $100,000 level after plunging by roughly 5% over the past 24 hours.