The crypto ETF race didn’t end with Bitcoin and Ethereum—it only set the starting gun. As of late August, the SEC is actively reviewing ~90+ crypto ETF applications (up from ~75), with a growing share targeting altcoins like SOL, XRP, ADA, DOGE, and even novel baskets and meme-token products. Below is your fast, factual rundown of the pipeline, the timelines, and why this next wave matters.:bar_chart: The Scoreboard (through August)
  • In-flight filings: ~92 crypto ETP/ETF applications under SEC review; many are altcoin-focused.
  • Flows: Bitcoin ETFs saw ~$29.4B YTD inflows; Ethereum ETFs ~$9.4B (ETH momentum accelerating).
  • AUM leader: BlackRock’s IBIT remains the largest crypto ETP globally, ~$81B AUM (as of Aug 29).
  • Process upgrade: SEC okayed in-kind creations/redemptions for crypto ETPs—bringing them closer to commodity ETF mechanics (more efficient, lower frictions/costs).
:compass: Timelines & Pressure Points
  • New filings clock: Fresh 19b-4 submissions face an initial Sept 13, 2025 deadline; extensions can push out to Mar 27, 2026.
  • Project “Crypto”: Launched July 31, 2025 to modernize securities rules for on-chain finance—intended to standardize/accelerate reviews.
  • Generic listing rules: Proposed by major exchanges (Nasdaq/NYSE Arca/Cboe); final action expected by late Sept. If adopted, altcoin ETF timelines could shrink materially.
:checkered_flag: Nearer-Term Decisions (Q4 ’25 focus)
  • Solana spot ETFs (VanEck, Bitwise, 21Shares, Franklin): Amended S-1s/19b-4s filed by July 31 after SEC feedback. Final decision window opens Oct 10. Tone is constructive, not guaranteed.
  • XRP ETFs (Grayscale, Franklin, CoinShares, others): High odds (~95%) for approval this fall per several desks; a leveraged ProShares XRP futures (UXRP) already launched and drew ~$1.2B in flows; total $5–8B by year-end is plausible if spot clears.
  • Cardano ETF (Grayscale): Final SEC decision Oct 26, 2025 (updated from earlier mid-Oct estimates).
  • Dogecoin spot ETFs (Bitwise et al.): Deadlines cluster late ’25 → Jan ’26; could accelerate if generic listing standards pass.
  • Sei (SEI) spot ETF (21Shares): Filed Aug 28; may include staking economics (under review).

Important reality check: Rumors persist about a BlackRock XRP spot filing; none is on record as of Aug 31, 2025. BlackRock’s public focus remains its BTC/ETH franchises and infra.

:test_tube: New & Notable Filings
  • Trump Media “Blue Chip” crypto ETF (BTC/ETH/SOL basket) under review.
  • Canary Capital: Spot $TRUMP memecoin ETF; staked TRX ETF (May 22 filing); PENGU (memecoin/NFT blend) concept in the mix.
  • Bitwise 10 Crypto Index ETF: Received initial approval, then stayed for full Commission review—basket products not green-lit… yet.
:bricks: Why Delays Happen (and why momentum’s still up)
  • SEC is stress-testing custody, staking, surveillance, fraud/misconduct risks.
  • July 7 disclosure guidance tightened standards; paradoxically, it also streamlines reviews by clarifying what “good” looks like.
  • Net: Delays are routine; the direction is forward—especially if generic listing rules land in September.
:twisted_rightwards_arrows: Market Flows & Sentiment Shifts (August wrap)
  • BTC spot ETFs: ~$800M net outflows in August.
  • ETH spot ETFs: ~$4B inflows; roughly 77% of institutional crypto inflows favored Ethereum in August. BlackRock’s ETHA booked $266M in a single day.
  • Read that again: capital rotation to ETH (and potentially to next-in-line altcoins) is underway.
:jigsaw: What This Means for Cointiply Users
  • Expect “announcement volatility.” Approvals/denials can whipsaw prices intra-day—great for active earners stacking dips.
  • ETH gravity remains strong. If ETH keeps attracting the majority of institutional flows, EVM assets and L2 activity may see follow-through.
  • First-mover effects. If XRP or SOL spot funds clear first, liquidity and attention could concentrate there before diffusing to others.
  • Keep it simple, keep it daily. Regardless of headlines, consistent earning—PTC ads, surveys, faucets—compounds through volatility.
:brain: TL;DR
  • The SEC’s altcoin ETF docket is packed (~90+ apps); process plumbing (in-kind, generic rules, Project Crypto) is falling into place.
  • Key windows: XRP (fall), SOL (from Oct 10), ADA (Oct 26); DOGE and others likely slide into late ’25/early ’26 unless rules accelerate.
  • Flows shifted to ETH in August; institutions are diversifying beyond BTC.
  • The direction is approval, the pace is procedural—but September could shorten the road.