Which crypto ETFs are next? Dogecoin, XRP and Solana top the list

The cryptocurrency industry scored two major victories last year when several money issuers gained long-awaited approval to offer cryptocurrencies. spot bitcoin exchange traded funds and their Ethereum-based counterparts in the United States But that doesn’t mean issuers are ready to rest on their laurels.

In recent months, fund managers have offered new investment offerings directly tracking the prices of a variety of cryptocurrencies, Dogecoin has XRP, Solanaand even the Donald Trump meme piece.

Here are the various crypto-based ETFs that could soon be offered in the United States, along with a look at the high-profile filings so far for each asset.

Solana

Spot Solana exchange-traded funds are a potential alternative to Bitcoin and Ethereum ETFs that could begin trading in the United States this year or next.

The proposed funds, which include VanEck Solana Trust, 21Shares Core Solana ETF, The Canary Solana and Bitwise Solana ETFs would directly track the price of the fourth largest cryptocurrency by market capitalization.

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

However, Solana spot and futures ETFs likely won’t begin trading in the U.S. until 2026, according to to Bloomberg analyst James Seyffert. Indeed, the U.S. Securities and Exchange Commission has yet to evaluate a batch of Solana ETF spot applications.

The SEC typically takes between 240 and 260 days to make a decision on applications. But ongoing litigation over whether or not Solana is a security could prolong this process for several potential Solana ETFs.

Still, if and when Solana spot ETFs are approved, the investors they attract could be huge. JP Morgan Analysts Predict Solana ETFs Collectively Could Profit between 4 and 8 billion dollars of investments.

Dogecoin

A few issuers have signaled plans to offer spot Dogecoin ETFs following a wave of political events that propelled the Shiba Inu-inspired meme coin to high rankings. highest price in three years by $0.48 in December.

Exchange-traded fund provider Rex Shares filed in January to launch the Rex-Osprey DOGE ETFshows the company’s filing with federal regulators.

Meanwhile, Bitwise Asset Management has registered a Dogecoin ETF entity in Delaware, a major step toward seeking approval to launch an exchange-traded fund based on Elon Musk’s beloved cryptocurrency. But Bitwise still needs to file a full application with the SEC before a potential fund can hit the market.

Analysts are, however, optimistic that it will not take long for Dogecoin ETFs to hit the market. Eric Balchunas, senior ETF analyst at Bloomberg said This week, a spot Dogecoin ETF could theoretically launch as soon as April, thanks to a rule that allows federal regulators to weigh in on investment offering proposals within an expedited 75-day window, rather than the review period usual eight to nine months.

XRP

Funds created around Ripple-linked XRP, such as the Rex-Osprey XRP ETF, Canary XRP ETF, and 21Shares XRP Core Trust– are under review in the United States, with federal regulators expected to rule on requests for funds later this month.

It is still unclear whether ETFs will be approved or not, but a wave of rule changes at the SEC it is more likely that regulators could soon give the green light to funds in the United States.

If XRP ETFs are approved, then the funds could collectively bring in between $3 billion and $6 billion in investments, according to a recent estimate 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 under consideration in the United States.

The former would allow investors to short XRP, while the latter would allow investors to make leveraged bets on the cryptocurrency’s future price movements.

HBAR

Canary Capital filed for the first HBAR ETF last November. HBAR is the native cryptocurrency of Hedera Network.

In an X job In December, Bloomberg analyst Eric Balchunas expressed optimism about the chances of a spot HBAR ETF receiving approval in the United States, saying such a fund could launch before its more high-profile counterparts based on Solana and XRP. Even so, it remains unclear whether there is enough investor demand for such a fund, he said.

Litecoin

A series of applications for Litecoin-based ETFs were filed following President Donald Trump’s inauguration this week, as crypto’s cold regulatory environment shows signs of thawing.

CoinShares filed two registration declarations for a “CoinShares Litecoin ETF” and a “CoinShares XRP ETF,” while the New York Stock Exchange reported that Greyscale is try to convert your existing Litecoin Trust into an ETF.

The new filings come about two months after Canary Capital filed its own Litecoin ETFand a few days after Canary submitted an amendment to its funding request.

Litecoin is a peer-to-peer cryptocurrency created to improve the verification time of blockchain transactions. Much like its spot HBAR ETF counterpart, Canary Capital’s Litecoin ETF will likely be approved before funds based on Dogecoin, XRP and Solana, according to Bloomberg analyst Eric Balchunas.

Indeed, according to Balchunas, Litecoin’s regulatory status is less contested than that of other altcoins such as Solana, which remain at the center of a legal battle between the SEC and major players in the crypto industry.

BONK, Trump and beyond

Rex shares were filed with federal regulators in January to launch the spot ETFs based on Trump and BONKrespectively.

The funds on offer are part of a growing list of coin-based investment products created by issuers apparently eager to capitalize on growing investor interest in the digital asset market amid the latest bull run cryptocurrencies.

Bloomberg analysts predict that TRUMP, BONK and other coin-based ETFs could begin trading. from April…that is, if issuers’ proposals are submitted to and pass an expedited review process by federal regulators.

Edited by Andrew Hayward