The US Securities and Exchange Commission (SEC) has noted a surge in applications to register cryptocurrency exchange-traded funds. The wave hit the American regulator a few days before Gary Gensler leaves his post as chairman of the agency.

In just the past few days, more than a dozen ETF applications have been filed with the SEC from large management companies. Among them is an application from ProShares, which intends to launch the Solana Futures ETF. CoinShares’ filing for the CoinShares Digital Asset ETF, Tidal DeFi’s filing for the Oasis Capital Digital Asset Debt Strategy (DADS) ETF, and VanEck’s filing for the Onchain Economy ETF.

Bloomberg Intelligence Senior Analyst Eric Balchunas
wrote on social media X that “not even five minutes have passed since Gensler left his post, and the crypto industry has already erupted into a massive frenzy of ETF applications.” Balciunas believes that the crypto market is preparing for regulatory changes, and many are eager to take advantage of the opportunities of more crypto-friendly government policies.

Earlier, SEC Chairman Gary Gensler positively assessed the results of his tenure, which the official has held since 2021.