What are the next ETF Crypto Spot that could be approved by the dry?

Why stop at Bitcoin and Ethereum?

Faced with the success of the Bitcoin ETF, which accumulate $ 38.43 billion in net entries and totaled more than $ 109 billion under management, traditional asset managers and crypto specialists like 21Shares or Coinshares multiply initiatives to extend the supply to other cryptocurrencies. More than 15 new cryptocurrencies may soon be available for investment via ETF.

📈 How to invest in an ETF Bitcoin?

The potential arrival of new ETFs on other cryptocurrencies could widen the investment offer, but also lead to a risk of cannibalization of incoming flows intended for Bitcoin and Ethereum.

In addition, if investors are disinterested in these ETFs on alternative cryptocurrencies, and incoming flows are negligible, this could have a negative impact on the image of the cryptos concerned.

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What other cryptocurrencies could have their ETF?

Over 70 ETFs concerning 17 different cryptos are awaiting approval.

XRP (Ripple) and Solana are the two cryptocurrencies with the most requests, 7 each, followed by Litecoin, Doge, Avalanche and Hedera Hashgraph.

Grayscale wishes to convert some of its Trust products into ETF, which are currently only reserved for accredited investors (Hedge Funds, Family Office …), to reach more investors.

XRP (Ripple)

The SEC approved the launch of several ETFs linked to XRP from April 30, 2025, including the ultrashort XRP ETF proshares, Ultra XRP ETF and Short XRP ETF.

We have not added these ETFs to our table because the latter do not require public approval by deposit 19B-4, begins later in the article.

Solara

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Litecoin

Doge

Avalanche

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Hbar (Hedera hashgraph)

Polkadot

Grayscale wishes to transform its Grayscale Polkadot Trust into ETF. No final deadline for approval is known.

Cardano

Grayscale wishes to transform its Grayscale Cardano Trust into ETF. No final deadline for approval is known.

Aptos

Bitwise wishes to issue an ETF Aptos Spot but no final deadline for approval is known.

Sui

Canary wishes to issue an ETF SUP SPOT but no final deadline for approval is known.

Other cryptocurrencies concerned

ETF requests were made for the following cryptocurrencies:

• AXL (Axlar)
• Pengu
• TRX (TRON)
• Trump
• Melania
• Bonk
• BNB (Binance Chain)
• Link (ChainLink)

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Will the SEC approve the ETF of alternative cryptocurrencies?

Since the election of Donald Trump and the arrival of Paul Atkins at the head of the dry, the regulatory climate has largely softened for the entire crypto sector. Several trials against major actors such as Ripple and Coinbase have been abandoned, and the strict distinction between securities And conveniences seems less rigorously applied.

In this new context, altcoins like Solana, XRP or Dogecoin have much better chances of obtaining regulatory approval for their ETF Spot a few months ago. On the other hand, the more recent, less capitalized, even considered, even considered even the same are unlikely to see their requests to be approved.

The issue of Stoking also raises additional questions for the dry. This partly explains why ETHEREUM ETHERE including stuking were also slowed down.

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It is important to remember that products under law Investment Company Act From 1940 (ETF 2x with leverage, inverted, etc.) do not follow the same regulatory calendar as the classic ETF. Indeed, these products are generally listed on secondary scholarships and accessible only to professionals or experienced investors, they are less public. Their launch therefore depends on a faster internal validation but also more discreet by the dry. This is why we have not added all the products like Tuttle Capital 2x Solana ETF, Proshares Ultrashort XRP ETF or Teucrium 2x XRP ETF in the tables.

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Does an ETF mean guaranteed success?

Not necessarily. ETHEREUM SPOT ETHEREUM are struggling to convince, with only $ 2.40 billion in cumulative net flows and $ 6.14 billion in management.
A figure very below expectations, and which shows that the success of an ETF depends less on its approval than on the real appetite of investors.

Source: X

Co-founder of cryptoast, I like to analyze the changes that Bitcoin and cryptos can bring in our life and societies, from a social and economic point of view.

Robin Berné

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