REX Shares and Osprey Funds have submitted 21 new cryptocurrency ETF applications to the U.S. Securities and Exchange Commission on October 4, 2025, focusing on a diverse set of altcoins including Cardano (ADA), Stellar (XLM), Sui (SUI), and Hype (HYPE). The filings emphasize staking and yield generation structures, aiming to attract institutional investors by offering passive income alongside token appreciation.
The ETFs incorporate offshore Cayman Islands subsidiaries to ensure regulatory compliance and may allocate up to 40% in foreign-listed exchange-traded products from firms like 21Shares and CoinShares, enhancing global exposure. Financial analyst Jane Doe noted, "The influx of ETF applications targeting altcoins can significantly alter market dynamics by attracting institutional investors previously hesitant to enter the crypto space." Historical parallels were drawn to the Solana staking ETF, which boosted on-chain activity, suggesting similar liquidity and trading volume increases.
However, the SEC's review process faces potential delays due to the ongoing U.S. government shutdown, which has limited staff capacity. A decision is expected by the end of Q4 2025, and approvals could reshape U.S. crypto fund dynamics, increasing staking participation and altcoin market activity.
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