At the top of 2024, the cryptocurrency industry was projected to undergo a whole transition, especially in relation to traditional finance. And with the approaching inauguration of crypto-friendly Donald Trump, the US regulatory landscape is anticipated to develop into a tad more favorable for the industry.

Interestingly, asset managers will not be waiting till power changes hands before making the most of the shift, as they sent in a flurry of applications for crypto-related exchange-traded funds (ETFs) this week. Here’s an summary of the most recent ETF applications related to digital assets.

Crypto ETFs Take Center Stage

On Friday, January 17, various asset management firms filed applications for no less than half a dozen crypto exchange-traded funds with america Securities and Exchange Commission (SEC). Most notably, asset manager ProShares applied for leveraged & inverse XRP and Solana ETFs.

For context, a leveraged exchange-traded fund is designed to amplify the performance of its underlying asset (XRP, on this case). Meanwhile, an inverse ETF offers exposure to the alternative performance of an asset.

ProShares also filed for XRP and Solana futures exchange-traded funds with the SEC. These investment products offer investors exposure to XRP’s and Solana’s price movements through futures contracts (agreements to purchase or sell an asset at a predetermined price in the long run).

Based on Nate Geraci, Valkyrie also applied for CoinShares Digital Asset ETF, which would supply exposure to the ten largest digital assets by market capitalization. Meanwhile, investment firm Tidal submitted a filing for Oasis Capital Digital Asset Debt Strategy ETF, which might put money into the debt of corporations involved in digital asset-related activities.

Source: NateGeraci/X

This latest flurry of ETF filings comes on the back of applications from Canary Capital and VanEck. On Thursday, January 16, Canary submitted an amended S-1 form for the Litecoin ETF.

Meanwhile, asset manager Van Eck had also earlier filed for an “Onchain Economy” exchange-traded fund on Wednesday, January 15. Based on the filing, the ETF will put money into corporations across the crypto industry.

2025 Taking Shape?

2025 was at all times expected to usher in a wave of latest crypto-related exchange-traded funds, and it has kicked just as anticipated. With SEC chairman Gary Gensler expected to go away office on January 20, the more crypto-friendly Paul Atkins has been nominated to take over.

The previous SEC Commissioner who served under President George W. Bush has built a fame for advocating less stringent regulations on financial markets. These incoming shifts within the regulatory landscape are anticipated to set the stage for more institutional adoption in 2025.

The full crypto market cap on the every day timeframe | Source: TOTAL chart on TradingView

Featured image from Shutterstock, chart from TradingView