According to Bloomberg, as of October 20th, the United States had 155 applications for cryptocurrency-based exchange-traded products (ETPs), covering 35 digital assets. Bitcoin and Solana each received 23 applications, XRP 20, and ETH 16. Although the US government shutdown, which began on October 1st, has delayed the approval process, industry experts remain optimistic that approval is imminent. Recently, issuers have been actively submitting 2x and 3x leveraged ETFs and products incorporating collateralization mechanisms, reflecting the market's "all-out rush" for crypto ETFs. Analysts note that investors prefer index-based and actively managed ETFs to diversify their exposure to emerging digital assets rather than single tokens. Since the launch of spot Bitcoin and Ethereum ETFs in January and July 2024, BTC ETFs have managed nearly $150 billion in assets, and ETH ETFs have managed approximately $24 billion.