Binance Report Reveals 47 Active Crypto ETF Filings in the US
Binance Research reports 47 active crypto ETF filings in the US and a surge in meme coin launches, with over 37 million tokens now circulating, primarily on Solana.
- January 2025 marked high market values for crypto, but AI-related projects faced challenges, notably from DeepSeek.
- The report indicates a rise in token launchpads and meme coin interest, driving token numbers past 37 million, projected to exceed 100 million by year-end.
- Newly launched coins often lack significant market value, diverting attention from traditional altcoins and diminishing long-term investment commitment.
- Meme coin trading boosted decentralized exchanges (DEXs) on Solana, where trading volume outpaced Ethereum by over 300% in January.
- Political changes post-Trump's inauguration and SEC Chairman Gary Gensler's resignation led to increased ETF applications.
- 47 active ETF applications cover 16 asset types, including meme coins.
- Despite losses in AI tokens, the overall crypto sector displayed resilience and growth in January.