There are currently 92 crypto exchange-traded products (ETPs) pending approval from the US Securities and Exchange Commission (SEC). These products aim to track various cryptocurrencies, including Solana and XRP, which are among the most popular in the market. Recent data reveals an increase in pending applications, with 20 filed in the last four months alone. Of the pending ETFs, three aim to provide exposure to Bitcoin and Ether, while others focus on altcoins. Notably, major asset manager BlackRock currently leads the ETP category with its Bitcoin and Ethereum funds, showing significant inflows since their launch. Additionally, Grayscale is working on converting several of its trusts into ETFs that will cover multiple cryptocurrencies like Litecoin and Dogecoin. Analysts suggest that the approvals could signal a major influx of crypto products into the market, indicating that the floodgates for crypto ETFs may soon open.

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