Over 30 crypto-related exchange-traded fund (ETF) proposals have been submitted to the U.S. Securities and Exchange Commission (SEC), marking one of the most active filing periods in the sector’s history. Bloomberg ETF analyst James Seyffart highlighted this in an X post, noting that the move is only the beginning.
Out of the more than 30 crypto ETF filings, REX Shares and Osprey Funds accounted for 21, all focused on crypto assets like Litecoin (LTC), Hedera (HBAR), Sui (SUI), Bitcoin Cash (BCH), and Hype (HYPE), among others.
Several of the proposed funds incorporate staking mechanisms, allowing investors to earn yield from network participation in addition to market performance.
Defiance ETFs LLC also joined the rush, submitting applications to track not only cryptocurrencies but also traditional equities, such as Tesla and Amazon. Bloomberg Intelligence analyst James Seyffart described the volume of filings as unprecedented, commenting that “things are getting wild.”
NEW: @Defiance_ETFs has just filed for just shy of 50 3X levered ETFs. Some on single stocks, some on other ETFs, some on crypto ETPs. Things are getting wild.
h/t @Todd_Sohn pic.twitter.com/zvuQawWLTM
— James Seyffart (@JSeyff) October 3, 2025
The move follows the SEC’s recent approval of new listing standards that simplify the process for commodity-based trust shares. These standards allow ETFs to bypass the 19b-4 rule-change process, reducing procedural delays and accelerating potential market entry.
Litecoin Gets New ETF Application
Notably, Litecoin — one of the ETFs that REX-Osprey plans to introduce — recently encountered a major setback on its path to an ETF debut.
Canary Capital’s application for a spot Litecoin ETF was due for an SEC decision on Thursday, October 2, but the regulator failed to issue an update before the deadline. Despite the delay, Litecoin has received yet another ETF application in less than 48 hours.
In the meantime, the ongoing government shutdown has left crypto-related ETFs in limbo, with no clear timeline for when these products might launch. Analysts noted that the delay may stem not only from the shutdown but also from the SEC’s broader shift in how ETF filings are handled.
With the move away from the 19b-4 process toward S-1 registration statements, prior deadlines carry less weight, making approval timelines more challenging to predict.
As I understand it, the shutdown could affect the $LTC ETF approval because the @SECGov still needs to sign off on the S-1 and the agency is operating on a skeleton crew.
It’s unclear what remaining staff is working/what their priorities are at the moment. Since the generic… https://t.co/uD1uO9udtO
— Eleanor Terrett (@EleanorTerrett) October 2, 2025
Currently, ETF reviews are suspended during the government shutdown, freezing progress for applications across multiple tokens. Proposals for Solana, XRP, Cardano, Avalanche, and Dogecoin remain stalled alongside Litecoin’s.
The CoinRemark Team
