The cryptocurrency industry scored two big wins last year when several fund issuers secured long-awaited approvals to offer Spot bitcoin exchange-based funds and them Ethereum-based counterparts In the US, though, that doesn’t mean issuers are ready to rest on their laurels just yet.
In recent months, fund managers have proposed a new investment offering to directly track the prices of various cryptocurrencies, from Dogecoin Unpleasant XRP,, Solanaand even Donald Trump’s Meme Coin.
Here are the various crypto-based ETFs that could soon be offered in the United States, and a look at the high-profile archives so far for each asset.
Solana
Spot Solana Exchange-Trade funds are a potential alternative to Bitcoin and Ethereum ETFs that could begin trading in the US this year or next.
The proposed funds, including the Vaneck Solana Trust,, 21Shares Core Solana ETF, Canary Solana ETF, and Bitwise Solana ETF, 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 it to make more complex bets on Solana’s price movements.
However, both spot and futures Solana ETFs likely won’t trade in the US until 2026, according to to Bloomberg analyst James Seyffert. That’s because the US Securities and Exchange Commission still needs to review a range of spot Solana ETF applications.
The SEC usually takes between 240 and 260 days to make decisions on applications. But continued litigation over whether or not Solana is a security could prolong that process for several potential Solana ETFs.
Nevertheless, if and when spot Solana ETFs are approved, the investor dollars they attract could be massive. JP Morgan analysts predict Solana ETFs could collect collectively Between $4 and $8 billion in investments.
Dogecoin
A few issuers have indicated they plan to offer spot Dogecoin ETFs following a wave of political events that propelled the Inu-inspired meme coin from the Shiba to a three year high price from $0.48 in December.
REX shares of exchange-linked fund Rex shares apply in January to the Rex Esprey Doge ETFthe company’s filing with federal regulators.
Meanwhile, bitwise asset management registered a Dogecoin ETF entity Delaware is taking a major step toward approval to launch an exchange-traded fund based on Elon Musk’s beloved cryptocurrency. But Bitwise still must file an extensive application with the SEC before a potential fund can come to market.
Analysts are bullish that it won’t be long before Dogecoin ETFs hit the market. Bloomberg senior ETF analyst Eric Balchunas said This week that a spot Dogecoin ETF could theoretically launch as early as April, thanks to a rule that allows federal regulators to weigh in on investment offers within an accelerated 75-day time frame, instead of the typical eight- to nine-month review period.
XRP
Funds created around ripple-linked XRP like the Rex-Usprey XRP ETF, Canary XRP ETF and 21Shares Core XRP Trust– Be aware in the US, with federal regulators due to weigh in on applications for the funds later this month.
It remains unclear whether the ETFs will be approved or not, but a blowout is expected Rule changes at the SEC indicate a greater chance that regulators can quickly ease the burden on funds in the US
If XRP ETFs are approved, the funds could collectively bring in between $3 billion and $6 billion in investments, according to a Recent estimate from JP Morgan analysts.
In addition to spot XRP ETFs, XRP futures exchange-based funds such as the ProShares Short XRP and Proshares 2x
The former would allow investors to short XRP, while the latter would allow investors to place bets on the future price movements of the cryptocurrency.
Hbar
Canary Capital filed for the first HBAR ETF last November. Hbar is the native cryptocurrency of the Hedera network.
In one x after In December, Bloomberg analyst Eric Balchunas expressed optimism about the chances of a spot HBAR ETF to receive approval in the US, saying such a fund could launch ahead of its higher-end Solana and XRP-based counterparts. Still, it remains unclear whether there is enough investor demand for such a fund, he said.
Litecoin
A burst of Litecoin-based ETF applications have been filed this week following the inauguration of President Donald Trump, as the cold crypto regulatory environment shows signs of thawing.
Coinshares submitted two registration statements For a “Coinshares litecoin ETF” and “Coinshares XRP ETF,” while the New York Stock Exchange states that GreyScale is try convert its existing Litecoin trust into an ETF.
The new archives come about two months after Canary Capital filed for its own Litecoin ETFand days after Canary filed an amendment to its application for the fund.
Litecoin is a peer-to-peer cryptocurrency created to improve the verification time for blockchain transactions. Like its Spot Hbar ETF counterpart, Canary Capital’s Litecoin ETF will likely be approved before Dogecoin, XRP and Solana-based funds, according to Bloomberg analyst Eric Balchunas.
That’s because Litecoin’s regulatory status is less disputed than that of other altcoins like Solana, which Balchunas says remains at the center of a legal battle between the SEC and the crypto industry’s major players.
Bonk, Trump and beyond
REX shares filed with federal regulators in January to launch Spot Trump and Bonk-based ETFsrespectively.
The proposed funds are part of a growing list of meme coin-based investment products spun by issuers apparently eager to capitalize on growing investor interest in the digital asset market amid the latest crypto bull run.
Bloomberg analysts predict Trump, Bonk and other meme coin-based ETFs could start trading As soon as April– That is, if issuers’ proposals undergo and pass an expedited review process with federal regulators.
Edited by Andrew Hayward
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