New Crypto ETFs Are Coming to the Market, Targeting Dogecoin, XRP, Solana, and Even Meme Tokens Like Trump's

Last year, the crypto industry saw big wins when Bitcoin and Ethereum spot ETFs were approved in the U.S. But issuers are also looking to launch new crypto ETFs

Multiple fund providers are seeking to launch crypto ETFs, including those tracking Dogecoin, XRP, Solana, and even meme tokens like Trump’s token.

Here's a closer look at each:

Solana ETFs: Several Solana spot ETFs, like VanEck Solana Trust and Bitwise Solana ETF, could begin trading in the U.S. within the next couple of years. These ETFs would track the price of Solan, the fourth-largest cryptocurrency. Additionally, futures Solana ETFs are also in the works. However, these ETFs likely won’t launch until 2026, as the SEC still needs to review proposals.

Solana is currently trading at around $25, up more than 100% from its 2023 low. If approved, this cryptocurrency ETF could bring in billions of dollars. JPMorgan analysts predict between $4 billion and $8 billion in investments.

Dogecoin ETFs: Multiple fund providers, including Rex Shares and Bitwise Asset Management, are working on Dogecoin ETFs. After a rise in Dogecoin’s price, these funds aim to give investors exposure to the meme coin. There’s hope that a spot Dogecoin ETF could launch as early as April, thanks to a faster review process by the SEC.

DOGE is currently trading at around $0.09, up more than 200% from its 2023 low. If approved, this meme coin ETF could attract billions of dollars in investments.

XRP XRP-related funds, like Rex-Osprey XRP ETF, are also under review by the SEC. If approved, these ETFs could bring in $3 billion to $6 billion. Futures-based XRP ETFs are also being considered. XRP is currently trading at around $0.45, up more than 100% from its 2023 low.

Bonk and Trump ETFs: Rex Shares has filed to launch ETFs based on Bonk and Trump tokens, tapping into the growing demand for meme coin-based funds. Analysts think these ETFs could start trading as soon as April if their proposals are approved quickly by regulators.

Bonk is currently trading at around $0.00000007, up more than 100,000% from its 2023 high. Trump is currently trading at around $0.00000007, up more than 100,000% from its 2023 high.