The process of compliance and institutionalization of cryptocurrencies has significantly accelerated
Behind this is the push for relaxed cryptocurrency regulation in the United States, which will bring positive impacts such as accelerated compliance, increased funding, and greater liquidity for cryptocurrencies.
By the end of 2025, there are a total of 124 registered applications for ETPs (Exchange-Traded Products) related to cryptocurrencies in the U.S. market.
Among them, products related to Bitcoin account for the highest proportion, totaling 21 items (of which 18 are based on the derivatives structure of the 1940 Act). Following closely are combination products (15 items), as well as mainstream token products like $XRP (10 items), Solana (9 items), and Ethereum (7 items).
There are 42 spot applications under the 1933 Act, with the remainder being derivatives or structured fund applications.
