Which Crypto ETFs Are Next? Dogecoin, XRP and Solana lead the list

Last year, the cryptocurrency industry scored two major victories when several funders received the long-awaited approval. Bitcoin exchange-traded funds And theirs Ethereum-based partners But in America, that doesn't mean givers are ready to rest just yet.

In recent months, fund managers have launched new investment offerings that directly track the value of various cryptocurrencies. Dogecoin to the XRP, Solanaand even a Donald Trump meme coin.

Here are the various crypto-focused ETFs that may soon be offered in the United States, and a look at the most high-profile documents for each asset so far.

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Solana

Spot Solana exchange-traded funds are one of the options for Bitcoin and Ethereum ETFs that could start trading in the US this year or next.

The proposed funds, VanEck Solana Faith, 21 shares of the Core Solana ETF; Canary Solana ETF and Bitwise Solana ETF directly track the value of the fourth largest cryptocurrency by market capitalization.

Meanwhile, a few proposed Solana futures ETFs, such as ProShares Short Solana, ProShares 2x Solana and Vol Shares' Solana ETF, allow investors to make more complex bets on Solana's price movements.

However, both spot and future Solana ETFs will not begin trading in the US until 2026. basis per Bloomberg analyst James Seifert. That's because the U.S. Securities and Exchange Commission still has to review Solana's ETF applications.

The SEC usually takes 240 to 260 days to make a decision on applications. But ongoing litigation over whether or not Solana is a security could prolong that process for many Solana ETFs.

However, if Spot Solana ETFs are approved, the investor dollars they attract could be substantial. JP Morgan analysts predict that Solana will bring ETFs together. Between 4 and 8 billion dollars of investments.

Dogecoin

Following the political events that catapulted the Shiba Inu-inspired meme coin, a few issuers have indicated that they are considering offering Dogecoin ETFs instead. Three year high price $0.48 in December.

Exchange-traded fund provider Rex Shares filed to launch this in January. Rex-Osprey DOGE ETFThe company's filing with federal regulators shows.

Meanwhile, Bitwise has asset management Dogecoin has registered as part of the ETF In Delaware, it's a big step to apply for a license to start an exchange-traded fund based on Elon Musk's favorite cryptocurrency. But Bitwise still needs to file a comprehensive application with the SEC before any potential funds can come to market.

Analysts, however, are bullish that it won't take long for Dogecoin ETFs to hit the market. Eric Balchunas, senior ETF analyst at Bloomberg he said. Somewhere this week, the Dogecoin ETF could theoretically launch as early as April, thanks to a rule allowing federal regulators to weigh investment proposals in an accelerated 75-day timeframe rather than the usual eight-to-nine-month review period.

XRP

Funds created around Ripple-linked XRP—such as the Rex-Osprey XRP ETF, Canary XRP ETF, and 21 shares core XRP trust– They are ready for review in the U.S. with federal regulators at the end of this month to evaluate applications for the funds.

It is not clear whether EFAs will be approved or not, but it is expected The rule changes at the SEC Regulators indicate a high possibility that they will soon turn the money green in the US

If XRP ETFs are approved, the fund could bring in a total of $3 to $6 billion in investments, he says Latest estimates from JP Morgan analysts.

Beyond spot XRP ETFs, exchange-traded funds based on XRP futures such as ProShares Short XRP and ProShares 2x XRP are also worth considering in the US.

The former allows investors to short XRP, while the latter allows investors to make good bets on the cryptocurrency's future price movements.

HBAR

Canary Capital filed for its first HBAR ETF last November. HBAR is its native cryptocurrency. Hedera network.

By X Post In December, Bloomberg analyst Eric Balchunas expressed his optimism about the prospects of the HBAR ETF gaining acceptance in the US, saying that such a fund could be launched before the high-profile Solana and its XRP-based counterparts. However, it is not clear whether there is sufficient investor demand for such a fund, he said.

Litecoin

Litecoin-based ETF applications have come under fire following the inauguration of President Donald Trump this week.

CoinShares offers two Registration Descriptions For the “CoinShares Litecoin ETF” and the “CoinShares XRP ETF”, the New York Stock Exchange announced that it was Grayscale. Try Convert an existing Litecoin Trust to an ETF.

The new documents come after two months from Canary Capital It offers its own Litecoin ETFAnd days after Canary submitted an amendment to the funding application.

Litecoin is a peer-to-peer cryptocurrency created to improve the confirmation time of blockchain transactions. Like its HBAR ETF counterpart, Canary Capital's Litecoin ETF will be approved ahead of Dogecoin, XRP and Solana-based funds, according to Bloomberg analyst Eric Balchunas.

That's because Litecoin's regulatory status is less controversial than other altcoins like Solana, as they remain at the center of a legal battle between the SEC and major crypto industry players, according to Balchunas.

Bonk, Tramp and more.

Rex Shares filed with federal regulators in January to launch the site Trumpet and BONK based ETFsrespectively.

The proposed funds are part of a growing wave of meme coin-based investment products spun out by issuers to capitalize on investors' interest in the digital asset market amid the recent crypto bull run.

Bloomberg analysts predict that TRUMP, BONK and other meme coin-based ETFs could begin trading. Like April– That is, if issuers' proposals come in and go through an expedited review process with federal regulators.

Edited by Andrew Hayward.