In 2018, the crypto industry scored major wins when several long-awaited fund approvals were granted. Bitcoin ETFs Then, there are the Ethereum-based equivalents In the U.S. But that doesn't mean issuers are ready to rest on their laurels just yet.
Recently, many fund managers proposed to offer new investments that track the price of various cryptocurrencies. Dogecoin The following are some of the ways to get in touch with us: The XRP currency is a cryptocurrency that can be used to buy and sell goods., SolanaEven Donald Trump’s coin with a meme is included.
These are some of the crypto-based Exchange Traded Funds (ETFs), which could be soon offered in the United States. Also, we will look at high-profile documents filed for each asset.
Solana
The Spot Solana ETF is a potential alternative to Bitcoin or Ethereum ETFs, which could start trading in the U.S. next year.
These funds include VanEck Solana Trust, 21Shares Solana Core ETF Canary Solana ETF, as well Bitwise Solana ETF, will directly track the market price of the 4th largest cryptocurrency by capitalization.
Meanwhile, a handful of proposed Solana futures ETFs such as the ProShares Short Solana, ProShares 2x Solana, and Vol Shares’ Solana ETF would enable investors to make more complex bets on Solana's price movements.
But it is unlikely that the spot Solana ETF and its futures counterparts will begin trading until at least 2026. It is worth mentioning that James Seyffert, Bloomberg’s analyst. This is because the U.S. Securities and Exchange Commission has yet to review a number of applications for spot Solana ETFs.
Typically, the SEC takes 240 to 260 working days to decide on applications. But ongoing litigation over whether Solana is or isn't a security could prolong that process for several would-be Solana ETFs.
If and when Solana spot ETFs become available, they could attract a large amount of investor money. JP Morgan analyst predicts that Solana’s ETFs will bring collectively in Between $4 and $8 Billion in Investments.
Dogecoin
Following a series of events that propelled the Shiba-Inu meme coin, a few companies have indicated that they will offer Dogecoin spot ETFs. Price increases every three years The December 2018 rate is $0.48
Rex Shares, a provider of exchange-traded funds (ETFs), filed a launch application in January for the Rex-Osprey DOGE ETFAccording to the filings with federal regulators, this company is a.
Bitwise Asset Management is a company that has been around for a while. Dogecoin ETF entities can be registered. in Delaware, a major step towards applying for permission to launch an exchange-traded fund based on Elon Musk's beloved cryptocurrency. Bitwise must still file an application to the SEC to launch any fund.
Analysts are bullish that it won't take long for Dogecoin ETFs to hit the market, however. Bloomberg senior ETF analyst Eric Balchunas You can also read about the importance of this in our article This week, it was reported that an ETF backed by Dogecoin could launch in April. The rule allows federal regulators the opportunity to review investment proposals faster, within 75 days, as opposed to their usual eight-to-nine month period.
The XRP currency is a cryptocurrency that can be used to buy and sell goods.
Funds created around the Ripple-linked XRP—such as the Rex-Osprey XRP ETF, Canary XRP ETF and The 21Shares Core Trust XRP—are up for review in the U.S., with federal regulators due to weigh in on applications for the funds later this month.
The ETFs are still awaiting approval, and a wave of new ETFs is expected. SEC rule changes The increased likelihood that the U.S. regulators will soon approve the fund is a positive sign.
XRP-based ETFs could bring together between $3 billion and $6billion in investment, according to a J.P. Morgan analyst’s latest estimate.
The U.S. also offers XRP exchange-traded futures funds, such as ProShares Short-XRP or ProShares 2-x-XRP.
The former would allow investors to short XRP, while the latter would enable investors to make leveraged bets on the cryptocurrency's future price movements.
HBAR
Canary Capital has filed the first HBAR-based ETF since November. HBAR (pronounced “h-bar”) is the native crypto currency of Hedera network.
The X Post by Eric Balchunas of Bloomberg, a Bloomberg Analyst, said in December that a HBAR spot ETF would have a good chance to be approved by the U.S. government. This fund, he added, could even launch earlier than its high-profile Solana or XRP counterparts. It is still unclear if there will be sufficient demand from investors for such an ETF, said Balchunas.
Litecoin
A rash of Litecoin-based ETF applications have been filed following President Donald Trump's inauguration this week, as the chilly crypto regulatory environment shows signs of thawing.
CoinShares file two Register Now The following are some statements that may be helpful: A "CoinShares Litecoin ETF" The following are some examples of how to get started: "CoinShares XRP ETF," Greyscale was the New York Stock Exchange’s signal that Greyscale would be When you try to, it’s not worth it. Convert its existing Litecoin Trust to an ETF.
Canary Capital has filed new documents about two months later. Litecoin ETF filed its own applicationCanary amended its request for funding a few days later.
Litecoin was created as a peer to peer cryptocurrency in order to speed up the verification process for blockchain transactions. Much like its spot HBAR ETF counterpart, Canary Capital's Litecoin ETF is likely to get 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 such as Solana, which remain at the center of a legal battle between the SEC and major crypto industry players, according to Balchunas.
BONK, Trump and Beyond
Rex Shares has filed with the federal regulatory authorities to launch a new spot in January. Trump and BONK ETFs, respectively.
The funds proposed are among a list of new investment products that use meme coins. They were created by companies who want to capitalise on the increasing interest from investors for digital assets in light of the current crypto bull run.
Bloomberg analyst predicts that TRUMP and BONK as well as other meme-based ETFs may begin trading Soon as April—that is, if issuers’ proposals undergo and pass an expedited review process with federal regulators.
Andrew Hayward edited the book