- Litecoin and XRP ETFs lead filings in post-Gensler SEC shakeup.
- Memecoin ETFs for DOGE, TRUMP, BONK spark interest in risky crypto bets.
- Trump’s SEC pick Paul Atkins fuels optimism for crypto-friendly policies.
The race to launch any and all cryptocurrency exchange-traded funds is on.
Major issuers are pushing for altcoin ETFs featuring Litecoin, XRP, Solana, and Dogecoin in filings submitted in the first week after Gary Gensler stepped down as Securities and Exchange Commission Chairman.
The filings coincide with the start of President Donald Trump’s second term, which analysts expect will bring a more crypto-friendly regulatory environment.
CoinShares filed two proposals yesterday — one for Litecoin and the other for an XRP fund.
These funds aim to make it easier for investors to invest in cryptocurrencies without directly buying and managing the coins themselves.
Litecoin, often called “silver to Bitcoin’s gold,” has seen renewed interest, with its price surging nearly 80% in the past six months.
XRP, known for its role in cross-border payments, has also built up momentum after a legal win clarified its status in the US last year.
Grayscale has also filed applications to convert its existing Litecoin and Solana trusts into full-fledged ETFs.
Meanwhile, REX Shares and Osprey Funds have filed ETFs for Dogecoin, TRUMP, and BONK memecoins.
While their approval is still uncertain, they signal interest in more high-risk, high-reward crypto products.
Acting SEC Chairman Mark Uyeda temporarily leads the agency as President Trump’s nominee, Paul Atkins, awaits confirmation.
Known for his pro-business stance, Atkins is expected to create a more crypto-friendly regulatory environment, boosting optimism for new filings.
Kyle Baird is DL News’ Weekend Editor. Got a tip? Email at kbaird@dlnews.com.
