‘Things are getting wild:' Funds file dozens of proposals for cryptocurrency ETFs to the SEC

The cryptocurrency ETF landscape is experiencing unprecedented growth as REX Shares and Osprey Funds have filed prospectuses for 21 new exchange-traded funds with the SEC, marking a significant expansion in digital asset investment vehicles. These innovative cryptocurrency ETFs span diverse blockchain networks, including proposals tracking HBAR (Hedera Hashgraph) and Bitcoin Cash (BCH), while several incorporate groundbreaking staking components that could revolutionize passive crypto income generation.

This massive filing surge reflects the growing institutional appetite for regulated cryptocurrency exposure and signals potential mainstream adoption acceleration. The proposed ETFs would provide traditional investors with simplified access to various blockchain ecosystems without direct cryptocurrency ownership complexities. Notably, the inclusion of staking mechanisms could offer investors additional yield opportunities beyond price appreciation, potentially transforming how institutional capital engages with DeFi protocols and proof-of-stake networks.

The SEC's response to these 21 ETF applications will likely influence the broader cryptocurrency market trajectory and regulatory framework development. As Bitcoin and altcoin markets continue evolving, these ETF proposals represent a crucial step toward bridging traditional finance with decentralized digital assets, potentially unlocking billions in institutional investment flows.