ETP Frenzy: Solana and XRP Spark Institutional Gold Rush With 155 Filings

 

Institutional Gold Rush: Crypto ETP Filings Hit Record 155 as Solana and XRP Lead 2025 Investment Wave

The digital asset market is entering a new phase of institutional adoption. According to new data released by Bloomberg Intelligence, global filings for cryptocurrency exchange-traded products (ETPs) have surged to a record 155 across 35 different digital assets, signaling growing investor appetite for regulated crypto exposure and signaling a new era of financial innovation in 2025.

A Record-Breaking Year for Crypto ETPs

The rapid growth in ETP filings represents a major milestone for the industry, which has matured significantly since the first Bitcoin ETF approvals in 2024. Bloomberg’s Senior ETF Analyst Eric Balchunas confirmed that there are now 155 active filings for crypto-based investment products, covering assets ranging from Bitcoin and Ethereum to Solana, XRP, and emerging altcoins like AVAX and SEI.

Source: Eric Banchunas X

Balchunas projected that the number could rise to over 200 filings by the end of 2026, driven by streamlined regulatory processes and growing institutional confidence. “This is not just a speculative boom,” he said. “It’s a structural shift in how traditional finance integrates digital assets.”

In essence, the ETP surge marks the beginning of a new investment cycle — one that merges the security and familiarity of traditional exchange-traded funds with the innovation and diversity of blockchain ecosystems.

Bitcoin, Solana, and XRP Dominate the Landscape

While Bitcoin continues to hold its dominant position, Solana and XRP have emerged as the biggest winners in the new wave of ETP filings. Bloomberg’s data shows that Solana and Bitcoin each have 23 active filings, while XRP follows closely with 20.

Other popular assets include Ethereum, basket-based ETFs (containing multiple cryptocurrencies), and new filings for smaller altcoins such as Litecoin (5), Dogecoin (4), and Polkadot (4). The growing number of altcoin ETPs underscores a broadening investor interest beyond the two largest cryptocurrencies.

Balchunas clarified that many Bitcoin and Ethereum ETFs have already been approved by the U.S. Securities and Exchange Commission (SEC), meaning the latest list reflects pending filings still awaiting regulatory clearance. “A lot of the Bitcoin ones are already trading,” he explained. “These numbers represent the next wave of pending approvals.”

Altcoin ETPs Gain Momentum Amid Regulatory Shifts

Perhaps the most striking trend is the rise of altcoin-based ETPs, which only a year ago were viewed as risky or too complex for institutional investors. Now, with evolving U.S. regulatory frameworks and simplified SEC processes, these products are gaining legitimacy and traction.

The SEC recently introduced revised approval requirements, cutting review times from 240 days to just 75 days. This accelerated system has opened the door for a flood of new applications, allowing issuers to bring innovative crypto investment products to market much faster.

Source: X

Analysts compare the current situation to the early 2024 Bitcoin ETF boom, which led to billions in inflows from retail and institutional investors within weeks of approval. “We could be witnessing the same ‘land rush’ effect for altcoins,” said James Seyffart, another Bloomberg ETF analyst. “Institutional investors now have a clearer path to diversify their exposure across multiple blockchain networks.”

Institutional Interest in XRP and Solana Intensifies

The resurgence of XRP ETP filings — 20 in total — highlights renewed institutional confidence in Ripple following its partial legal victory against the SEC in 2024. That ruling, which affirmed that XRP is not a security when sold to retail investors, has revived market optimism and paved the way for institutional-grade investment vehicles.

Similarly, Solana’s 23 filings point to its rising reputation as one of the most scalable and developer-friendly blockchains in the industry. The network’s low transaction fees, high throughput, and growing ecosystem of decentralized applications (dApps) have made it an attractive candidate for institutional exposure.

“Solana represents the next generation of blockchain scalability,” said Marcus Grant, a digital asset strategist at Archway Capital. “Its performance metrics and adoption curve make it a prime target for institutional ETPs, especially those focused on smart contract platforms.”

Market Excitement Fueled by Regulatory Optimism

The wave of filings reflects growing optimism about regulatory clarity in the United States and other major jurisdictions. Since 2024, when the first Bitcoin and Ethereum ETFs were approved, the SEC has adopted a more open approach to crypto-based financial products.

This policy shift has reignited enthusiasm among both retail and institutional investors. “We’re now entering what could be described as the ‘ETF season’ for crypto,” Balchunas said. “This isn’t hype — it’s the logical next step in digital asset integration.”

Bloomberg analysts believe the expansion of crypto ETPs will not only boost market confidence but also bring much-needed legitimacy and liquidity to the broader digital asset space. By providing secure, regulated exposure through traditional financial channels, these instruments reduce barriers for cautious investors.

ETPs and the Path to Mainstream Adoption

For many institutional players, ETPs serve as a bridge between conventional finance and blockchain technology. They offer transparent, regulated, and easily tradable access to cryptocurrencies without requiring direct wallet management or custody.

According to Crypto University, an independent research outlet, the growing popularity of ETPs may represent “the single most important catalyst for mainstream adoption of digital assets since the launch of Bitcoin itself.”

This view aligns with data showing that global inflows into crypto investment products surpassed $12.8 billion in the first nine months of 2025 — a 78% increase from the same period last year. The availability of more diverse ETPs is expected to accelerate this trend, offering investors a full spectrum of blockchain exposure from blue-chip networks to experimental DeFi ecosystems.

New Entrants and Future Projections

Emerging players like Avalanche (AVAX), Sei, Sui, Hedera (HBAR), and Binance Coin (BNB) have also seen growing attention, each with three filings. Even smaller projects such as Cardano (ADA), Chainlink (LINK), Tron (TRX), and meme-inspired BONK have recorded two filings each.

This diversification marks an important shift: institutional issuers are no longer focused solely on blue-chip assets but are exploring opportunities in niche ecosystems that show strong user engagement and technological promise.

Balchunas expects that by mid-2026, the number of approved crypto ETPs could surpass 200, turning 2025–2026 into a defining era for the integration of blockchain into mainstream financial portfolios. “It’s not just about speculation anymore,” he said. “It’s about the future architecture of global finance.”

Conclusion: The Institutional Future of Crypto Investment

As crypto ETP filings surge worldwide, the financial industry is signaling its growing confidence in digital assets as a legitimate and essential part of the global economy. With Solana, XRP, and Bitcoin leading the charge, the next phase of crypto adoption will likely be driven by institutional demand, regulatory transparency, and technological evolution.

By 2026, analysts believe that over 200 crypto ETPs could be available in the market — blending the accessibility of traditional finance with the innovation and inclusivity of blockchain technology. The rapid pace of development underscores one thing: the future of finance is not just digital — it’s decentralized, tokenized, and institutionally embraced.

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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