Emre Yumlu 
As regulatory uncertainty continues to shape the crypto landscape, the traditional finance sector is rapidly expanding its exposure to digital assets. Bloomberg’s senior ETF analyst Eric Balchunas has shared new data suggesting that over 200 crypto ETPs (exchange-traded products) could launch within the next 12 months — signaling an unprecedented wave of institutional adoption.
155 ETP Filings Tracking 35 Different Crypto Assets
According to Balchunas, there are currently 155 ETP filings tracking 35 unique cryptocurrencies. The list excludes already-approved ETF for Bitcoin and Ethereum, focusing solely on pending applications awaiting regulatory clearance.
The absence of Bitcoin and Ethereum at the top of the filing list might seem surprising, but the reason is simple — many of their ETF products have already launched across multiple markets. As a result, the new filings are now concentrated on altcoins, reflecting growing interest in diversifying crypto exposure.
Solana and Bitcoin Lead the ETF Filing Race
Interestingly, Solana and Bitcoin are tied for first place with 23 filings each, followed by XRP (20) and Ethereum (16). Multi-asset or “basket” ETPs — which track a mix of cryptocurrencies — account for another 10 filings.
Other major contenders include Litecoin (5), Avalanche (4), Dogecoin (4), Polkadot (4), and Chainlink (3). Meanwhile, emerging projects such as Aptos, ONDO, HBAR, SUI, and SEI have also drawn multiple filings, highlighting a broadening institutional appetite beyond the most established names.
Institutional Demand on the Rise
The surge in filings underscores how traditional financial institutions are increasingly positioning themselves in the crypto ecosystem. ETF and ETP allow investors to gain exposure to digital assets within regulated environments — without the need to directly hold or manage cryptocurrencies.
Experts note that if regulatory uncertainty eases and the U.S. Securities and Exchange Commission (SEC) accelerates approvals, the crypto ETP sector could experience record growth in the coming year.
“A Full-On Land Rush” for Crypto ETF
Eric Balchunas described the current pace of filings as a “full-on land rush,” emphasizing that the race among issuers is intensifying. He believes more than 200 crypto ETPs could be live by 2026, as demand for regulated crypto investment vehicles continues to climb.
This trend marks a key turning point at the intersection of traditional finance and blockchain technology. As tokenization and institutional adoption expand, ETPs are poised to become a central pillar of the next phase of global digital finance.
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