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# A Deluge of Digital Currency ETF Requests Arrives at the SEC: Here Are the Leading 5 Most Apt to Obtain the Go-Ahead
* A move toward regulation sympathetic to digital currency has triggered a rise in exchange-traded fund submissions.
* ETF specialists consider Litecoin, Dogecoin, Ripple, and Solana possess the greatest likelihoods of triumph.
* The majority of new ETFs possess below a 5% prospect of victory prior to the poll.
Donald Trump’s novel, digital currency-sympathetic government is **spurring** a rise in submissions for digital currency exchange-traded funds.
Therefore, which funds are most apt to secure the SEC’s permission?
Bloomberg Intelligence analysts James Seyffart and Eric Balchunas **foresee** a 90% prospect of a Litecoin ETF gaining endorsement in 2025.
Dogecoin trails with a 75% likelihood, subsequently Solana at 70%, and Ripple at 65%.
Aspiring to duplicate Bitcoin’s **extraordinary triumph** in 2024, fund supervisors from Grayscale to Bitwise have deluged the SEC with novel spot digital currency fund submissions.
This optimism originates from Trump’s inauguration, which has ushered in some **digital currency-backing** selections for crucial policy roles, indicating a move from prior governments.
Here are six novel digital currency ETFs with an opportunity at reaching the marketplace:
## Litecoin
The greatest likelihood **is attributed to Litecoin**.
This stems from the possibility that the SEC might categorize the asset as a commodity, which streamlines its regulatory route. The agency sanctioned Grayscale’s Litecoin trust submission in late January, alongside Canary Capital’s on February 6.
Balchunas **expressed** earlier this year: “A Litecoin ETF presently fulfills all requirements. With a fresh SEC chief, this could be the initial altcoin ETF to reach the marketplace.”
The SEC’s endorsement deadline is October 2.
## Dogecoin Will Ripple Achieve a Fresh Summit? SEC Court Case Concludes, IntelMarkets Could Stir the Arena
The most well-known meme coin in digital currency possesses the second-highest opportunity of securing an ETF, with a 75% likelihood of endorsement.
Experts suggest that, like Litecoin, its character as a raw material is a compelling argument for possible authorization. Ripple (XRP) Ready for a Return? Important Elements to Observe in 2024
The existence of prominent entities such as Bitwise, VanEck, and 21Shares suggests considerable corporate concern.
Seyffart mentioned that its submission has encountered uncertainty from market commentators.
## Solana
Solana is graded third with a 70% authorization likelihood.
The SEC cutoff date is October 10th.
The SEC has formerly categorized Solana as a protection in its current prosecutions against leading digital currency marketplaces, but doubts regarding its authoritative categorization persist.
Seyffart expressed on February 6th that “implementation claims and other issues require to be settled before a Solana ETF is sanctioned.”
## XRP
Ripple’s XRP is graded fourth with a 65% likelihood.
JPMorgan foresees over $8 billion in inflows into XRP ETFs.
Notwithstanding five firms, containing Bitwise and WisdomTree, having sought XRP ETFs, the asset confronts the uppermost authoritative impediments.
Seyffart alludes to the continuous judicial disagreement between the SEC and Ripple, XRP’s parent establishment, declaring that “you probably won’t observe an ETF until the entire legal predicament between Ripple/XRP and the SEC is settled and/or accomplished, or there is some sort of expected conclusion.”
In 2023, Judge Analisa Torres decreed that the firm’s trades of XRP to establishments infringed securities regulations, but its trades to retail financiers did not comprise securities dealings.
The SEC cutoff date is October 17th.
## Polkadot
21Shares submitted a demand for a Polkadot ETF in late January.
The fund would trade on the Cboe BZX exchange, with Coinbase acting as its caretaker.
Grayscale and Bitwise are awaiting SEC verification by February 14th, with the agency’s authorization cutoff date scheduled for October 18th.
This is assuredly amongst the most disagreeable ETF propositions I’ve ever observed,” he stated, pointing out that 21Shares has been providing a Polkadot ETP in Switzerland since 2021.
The SEC has not yet recognized 21Shares’ request, nor has it established a cutoff to handle the issue.
## HBAR
Hedera Hashgraph’s HBAR completes the roster of prospective novel cryptocurrency ETFs.
Canary Capital submitted a request on November 12, 2024.
Nevertheless, for Bloomberg’s Balchunas, it doesn’t hold up to much examination.
“Roughly every two years or so, an ETF application emerges that I genuinely need to Google to comprehend what it monitors,” he penned in mid-November. “This is one of them. The post-Trump spaghetti cannon impact.”
The SEC has not yet recognized the request, nor has it set a decision date.
*Pedro Solimano is a market reporter stationed in Buenos Aires. Have a tip? Email him at [email protected].*
