Blistering filings to launch ETFs
Since January 20th, I have attempted and failed to keep up with all the ETF listing requests here are some from just last week and earlier this week:
VanEck files application to launch AVAX ETF
VanEck submitted S-1 application for direct exposure to AVAX. Requires pending CFTC approval
Recall, Coinbase’s recent introduction of Solana (SOL) and Hedera (HBAR) futures contracts, and is part of the firm’s ongoing strategy to provide traders access to both crypto and traditional futures trading on a single regulated platform.
No ticker symbol has been released for this yet to be approved AVAX ETF!
Canary Capital files S-1 for spot $SUI ETF.
Their filing came only 10-days after World Liberty Financial it would add SUI to their platform and seek development opportunities. This is a follow-up to their recent Dogecoin (DOGE), Solana (SOL) and XRP filings. What's next? I fully expect Canary Capital to file a 19b-4 document with the SEC, making its plans for a SUI fund official.
SEC Outlook?
Just last week the SEC started shifting regulatory attitudes, by this I mean they have shifted stances. The SEC postponed a decision regarding the proposed Grayscale’s spot ADA ETF. This has downstream implications as they also extended out the review period for other crypto ETFs. I can only envision that we have seen the Tip of the Iceberg in terms of ETF filings with the bulk still to hit the release button(s). The impact good be huge!
Summary
SEC had a flurry of approvals after Trump took office and his staff took over, now the SEC is slowing down the process for new approvals. It will be interesting to see how this takes shape for the remainder of the year.
