The cryptocurrency market is experiencing a surge in interest from both retail and institutional investors, fueling a wave of new exchange-traded fund (ETF) applications that are awaiting regulatory approval. This diverse lineup of crypto ETFs encompasses both mainstream assets like XRP and Litecoin as well as niche options such as Penguins, Doge, and even speculative products like the 2x Melania ETF, demonstrating the breadth of investor interests being catered to by these funds. The sheer number of applications – currently exceeding 72 – indicates a willingness to explore both established cryptos and less conventional assets, potentially reshaping the landscape of crypto ETFs. The approval process, however, is known for its length and complexity, reflecting the stringent regulations surrounding cryptocurrency financial products. This slow pace highlights the SEC’s cautious approach while also showcasing the growing demand for digital asset-based financial products.