Crypto ETF Applications Skyrocket: Solana and XRP Drive Surge in Regulatory Approval

The number of crypto-related ETFs awaiting U.S. Securities and Exchange Commission (SEC) approval has surged to 92, with Solana and XRP leading the charge. According to analyst James Seyffart, eight applications seek approval for Solana funds, while seven target XRP. This surge follows a recent increase of 20 pending applications since April, indicating renewed interest in regulated crypto investment options.