In brief
- Bitwise, Defiance, Tuttle, and T-Rex filed five new crypto ETFs, from Avalanche and Sui to memecoin Bonk and leveraged Orbs.
- Analysts say AVAX and tokenization funds have the strongest approval odds, while memecoin and basis-trade ETFs face “more scrutiny.”
- The filings add to a queue of over 90 crypto ETF applications infront of the SEC.
A flood of crypto ETF applications hit the Securities and Exchange Commission on Tuesday, with five distinct filings spanning everything from Avalanche infrastructure to Bonk (BONK) in what one analyst called “wild” territory.
The lineup includes Bitwise’s spot Avalanche ETF and a Stablecoin & Tokenization ETF, Defiance ETFs built around Bitcoin and Ethereum basis trades, Tuttle’s “Income Blast” funds covering
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Author: Vismaya V
