As of October 22, 2025, crypto exchange-traded products (ETPs) have seen a massive wave of applications, with 155 filings tracking 35 digital assets, according to Bloomberg ETF analyst Eric Balchuna. Bitcoin (BTC) leads with over 20 applications, followed closely by Solana (SOL), XRP, and Ethereum (ETH), each boasting more than 20 filings. Basket ETPs, combining multiple assets, have crossed the 10-application mark, reflecting a push for diversified exposure amid rising institutional demand, per. Balchunas noted on X, “155 crypto ETPs now tracking 35 assets… and the number could rise to 200 within a year,” signaling a “total land rush” in regulated crypto investment vehicles, per.
Balchunas forecasts the total could hit 200 ETPs by 2026, driven by maturing regulatory frameworks and surging inflows of $48.7B into crypto ETPs in 2025 alone. This expansion follows the SEC’s approval of generic listing standards for commodity-based trust shares, including crypto ETPs, which streamlined launches and tripled ETF filings historically, per. The surge aligns with institutional adoption, as BlackRock’s IBIT (Bitcoin ETF) attracted $30B in inflows, representing 62% of total crypto ETP investments this year, per. Solana and XRP’s high application counts underscore their appeal for DeFi and payment-focused investors, with SOL ETPs emphasizing its $8.6B DeFi TVL, per.
The SEC’s fast-track standards, proposed by Cboe BZX, Nasdaq, and NYSE Arca, qualify the top 70 coins by market cap for expedited approval, potentially approving hundreds of ETPs. This follows Bitcoin and Ethereum ETF successes, with $4.2B in BTC ETF inflows in 2025 alone, eclipsing traditional rivals, per. XRP’s filings, despite ETF delays until October 2025, highlight regulatory clarity from Ripple’s SEC win, per. Innovation may thrive, but critics warn of over-saturation, with Litecoin (LTC) and Hedera (HBAR) eyed for approvals over SOL and XRP due to lower regulatory hurdles, per.
The ETP boom could unlock $1T in institutional capital by 2026, driving BTC to $150,000 and SOL to $250, per. Track applications via SEC filings on sec.gov and inflows on SoSoValue. Dollar-cost average into BTC or ETH with stop-losses below $112,000, or diversify into USDC for stability, per TradingView. Follow @EricBalchunas and @TheBlock__ on X for updates. As ETPs hit 200, expect a shift toward diversified, regulated crypto access, but monitor for over-approval risks in a maturing market.
