Haciyev Reşit 
The U.S.-based investment firm Rex Shares has taken a significant step in the crypto market by filing spot ETF applications for 21 different altcoins. Previously, the company drew attention with its Solana, DOGE, XRP, and Ethereum (ETH) ETFs, and over the past three months, it has grown its assets under management to $500 million.
Altcoins Included in the Application
The altcoins listed in Rex Shares’ SEC submission are:
AAVE,ADA, ATOM, AVAX, BCH, CRO, DOT, ENA, HBAR, HYPE, INJ, LINK, LTC, NEAR, OKB, SEI, SUI, TAO, TRX, UNI, XLM
This extensive filing highlights Rex Shares’ ambition in the crypto ETF market and its diversification strategy. The company had previously gained attention with its approved Solana, DOGE, XRP, and ETH ETFs. This new application underscores Rex Shares’ growth pace in the ETF sector and its goal of facilitating institutional access to cryptocurrencies.
ETFs allow investors to gain exposure to digital assets without opening a crypto wallet or taking on custody risks. Additionally, these funds help increase institutional capital inflows, strengthening market liquidity.
SEC Approval Process and New Regulations
The U.S. Securities and Exchange Commission (SEC) recently implemented new rules that removed lengthy approval processes for certain ETF applications. Under these regulations, ETFs meeting specific criteria can be launched more quickly.
However, this week, federal government shutdowns caused delays in the approval processes for Rex Shares and other pending ETF applications. Investors are anticipating that these new ETFs will launch soon, accelerating institutional capital entry into the crypto market.
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