The cryptocurrency industry won two major victories last year when several fund issuers secured their long-awaited approval. Spot the funds traded on Bitcoin Exchange And they Ethereum-based counterpart In the United States, that doesn’t mean that the publishers are still ready to take their glory.
Over the past few months, fund managers have proposed new investment offers that directly tracks the prices of various cryptocurrencies. Dogecoin In XRP, Solanaand even the Donald Trump meme coin.
This looks at the various crypto-based ETFs that may soon be offered in the US, as well as the highly-prominent applications that have been made to each asset.
Solana
Funds trading on the Spot Solana Exchange are one potential alternative to Bitcoin and Ethereum ETFs that can begin trading this year, next year or next year in the US.
Such funds have already begun trading in Canada, with many spot Solana ETFs with staking capabilities to be launched domestically in April.
Proposed US funding Vanek Solana Trust, 21 shares Core Solana ETF, The Canary Solana ETFs and Bitwise Solana ETFs directly track the prices of the fourth largest cryptocurrency by market capitalization.
Franklin Templeton joined the fight in February and filed an S-1 registration statement with SES. In March, Cboe submitted a rule change on behalf of Franklin Templeton to list proposed funds. The exchange also filed the month to list shares in a Solana-based fund issued by investment company Fidelity.
Meanwhile, the proposals for a handful of Solana futures ETFs, including Proshares Short Solana, Proshares 2x Solana and Vol Shares’ Solana ETFs, allow investors to place more complicated bets on Solana’s price movement.
Meanwhile, Volatility Stocks debuted ETFS on Nasdaq, tracking Solana Futures, the company said Decryption. This funding allows investors to place more complicated bets on Solana’s price movements.
However, Spot Solana ETFs may not begin trading in the US until 2026. According to To Bloomberg analyst James Seyfert. This is because the Securities and Exchange Commission still needs to evaluate batches of Sopt Solana ETF applications.
The SEC usually takes 240-260 days to make decisions about the application. However, the ongoing lawsuit over whether Solana is security or not could extend the process of some Solana ETFs. Regulators have approved Grayscale’s Solana ETF application on February 6, seeking public comment on filing, marking what one analyst called the agency’s “new territory.”
Nevertheless, if the Spot Solana ETF is approved, the investors’ dollars they will attract could be large. JP Morgan analysts predict that SolanaETF can collectively bring in Investment of $4-8 billion.
Dogecoin
A few publishers show they are planning to offer Spot Dog Coin ETFs following a wave of political events that slingshot empire-inspired meme coins. 3 years higher price $0.48 in December.
Rex Stock, a fund provider trading on the exchange, has filed for application in January. Rex-Soprey Doge ETFthe company’s submission to federal regulators has been shown.
Similarly, 21Share submitted its Doge ETF application in April. The difference is that the fund will be sold by House of Doge, the corporate arm of the Dogecoin Foundation.
Bitwise asset management is available. DogeCoin ETF entity has been registered In Delaware, this is the main step for applying for permission to launch an Exchange-Traded Fund based on Elon Musk’s beloved cryptocurrency. However, Bitwise will need to submit a comprehensive application with the SEC before any potential funds will enter the market.
Finally, crypto-focused investment firm Grayscale also expressed its intention to launch a Dogecoin ETF. The asset manager launched the Dogecoin Trust in late January, allowing institutions and accredited investors to allocate funds to Meme Coin. Shortly afterwards, Grayscale filed a 19B-4 form to convert its trust into an ETF, joining some of its competitors in its plans to deploy such a fund.
The SEC approved the Grayscale submission in February, but delayed the decision in March, giving it to the agency to make a call in either way until May 21st.
However, analysts are bullish that it doesn’t take long for Dogecoin ETFs to be on the market. Eric Bulknath, Senior Bloomberg ETF Analyst I said In January, the Spot Dogecoin ETF could potentially be launched in theoretical terms as early as April thanks to rules that allow them to place emphasis on investment offering proposals within a rapid 75-day time frame rather than a typical review period of 8-9 months.
XRP
Funds created around Rippled Link XRP, including the Rex-Sosprey XRP ETF, Canary XRP ETF, and 21Shares Core XRP Trust, have been reviewed in the US
In early February, the Chicago CBOE exchange was applied to federal regulators, listing and trading four spot XRP ETFs. This is a sign of growing interest among investors in funds tracking Ripple Lab’s Crypto Asset. Spot XRP ETFs are issued by WisdomTree, Bitise, 21 shares and the Canary capital, respectively.
Franklin Templeton joined the party in March as the SEC panned after the SEC made a decision on Grayscale’s XRP submission.
The SEC said multiple XRP applications were approved in late February and that comments would be submitted within 21 days of submission. This brings ETFs one step closer to being approved in the US
However, it remains unclear whether the ETF will be approved. The expected rule rash changes the SEC points of a higher chance that regulators are likely to immediately glow US funds green
If the XRP ETF is approved, funds can collectively bring in investments of between $3-6 billion, according to a January estimate from JP Morgan analysts.
Beyond the Spot XRP ETF, we are also considering XRP futures-based exchange and sales industries such as ProShares Short XRP and Proshares 2x XRP.
The former would allow investors to shorten their XRP, while the latter would allow investors to make bets utilised in future price movements for cryptocurrency.
Apart from that, the XRP-based fund has also won several plays in Asia. Crypto-centric asset manager Hashkey Capital was introduced in mid-April on a fund tracking XRP performance.
Bitcoin Plus ETF
Trump Media and Technology Group’s Truth.fi has applied to register trademarks for two “Bitcoin Plus” products, in addition to the other four investment vehicles. The funds are called the Truth.fi Bitcoin Plus ETF and the Truth.fi Bitcoin Plus SMA.
If approved, it remains unknown which assets Bitcoin and ETF will hold. The “plus” portion of their name could refer to another cryptocurrency that the fund tracks along with Bitcoin. truth.fi did not respond DecryptionRequest for comments and explanations.
Crypto Index ETF
In early February, asset manager Franklin Templeton filed an amended petition to provide a “Frank Link Lipto Index ETF.”
If approved, funds traded on the exchange will track Bitcoin and Ethereum, weighting assets by 86.31% and 13.69%, respectively. Additionally, additional cryptocurrencies could be included in the future, Franklin Templeton said in his submission.
avalanche
Earlier this year, asset managers Vanek and Grayscale registered a Delaware trust company and laid the foundation for launching an avalanche ETF.
NASDAQ filed with federal regulators in March to list the shares in Avax ETF issued by Grayscale. The following month, the exchange filed a similar petition with the Vaneck Spot Avax ETF.
apt
Crypto Asset Manager filed an S-1 filing with the Securities Commission in early March, signaling plans to launch an exchange trading fund that tracks APTOS prices (APT).
This filing came a few days after the asset manager moved through modes to establish trust in Delaware.
sui
Another creator of former Meta Stubcoin Project members, SUI may soon be available in the form of funds traded on exchanges by investors.
Canary Capital took an early step to spin up its SUI-based ETF in early March and filed for the Delaware Trust.
Movement
Rex Shares and the Osprey Funds collaborated in early March to seek approval to provide an Exchange-Traded Fund (ETF) that tracks Move, the native token of the athletic network.
Asset Managers submitted applications for mobile-based ETFs to US regulators as the Ethereum Layer-2 network launched its mainnet in beta.
hbar
Canary Capital was submitted to its first HBAR ETF in November last year. HBAR is a native cryptocurrency Hedera Network.
with x post In December, Bloomberg analyst Eric Baltunas expressed optimism about the possibility that the HBAR ETF will be approved in the US in the US, saying such funds could be launched before high-profile Solana and XRP-based counterparts. Nevertheless, it remains unclear whether there is sufficient investor demand for such funds.
litecoin
A rash from Litecoinbase ETF application was filed following President Donald Trump’s inauguration as the cold code regulatory environment shows signs of thawing.
Coinshare submitted two Registration statement For “Coinshare Litecoin ETF” and “Coinshares XRP ETF”, the New York Stock Exchange is greyscale. I’m trying to Converts an existing Litecoin Trust to ETF.
The new filing came about two months from the Canary capital I submitted my own Litecoin ETFand a few days after Canary submitted an amendment to the fund’s application.
Litecoin is a peer-to-peer cryptocurrency created to improve the validation time of blockchain transactions. Like its counterpart of the spot HBAR ETF, Canary Capital’s Litecoin ETF could be approved before funding based in Dogecoin, XRP and Solana, according to Bloomberg analyst Eric Balknas.
That’s because Litecoin’s regulatory situation is less contested than other Altcoin regulatory situations, such as Solana, which remains at the heart of the legal battle between the SEC and major crypto industry players, according to Balchunas.
Polka dot pattern
Grayscale announced on February 25th that it plans to convert Polka Dot trust into ETF.
Just a few weeks later, 21 shares followed a lead from fellow asset managers, submitting their own Polka Dot ETF to the SEC. The regulator recognizes both submissions as publication time.
NFTS
Investment company Canary Capital submitted it in mid-March for a penguin and a stubborn penguin ETF.
Pengu is a Solana-based token linked to the Pudgy Penguins NFT collection on the Ethereum Network. According to Coingecko data, Pudgy Penguins is the fourth largest NFT project based on market capitalization. The proposed fund will hold both an alternative token and an NFT.
Bonk, Trump, and more
Rex filed with federal regulators in January to launch a Trump ETF spot, while Tuttle Capital aims to launch a fund to hold Melania. Both publishers have applied to launch Bonk-based ETFs. Tuttle and Grayscale are also pursuing Cardano-based ETFs.
Meanwhile, canary capital has been filed to provide a fund that can track Tron’s native token prices and immerse the underlying assets.
The proposed funds appear to be eager to raise investors’ interest in the digital asset market during the latest code bull run.
In another vein, Grayscale Investments introduced two unique types of crypto-based ETFs in April: Bitcoin Cover Call ETF (BTCC) and Grayscale Bitcoin Premium Revenue ETF (BPI). The funds use a covered call strategy to allow investors to purchase stocks already owned by a specific price.
Edited by Andrew Hayward
Editor’s Note: This story was first published on January 26th, 2025, and lastly updated with new details on April 21st.
