Worldwide Hype Surrounding Crypto Exchange-Traded Funds - Which Country is Ahead?
The world of Crypto Exchange-Traded Funds (ETFs) is experiencing a significant shakeup in 2025, with an increasing number of companies vying to offer more than just Bitcoin and Ethereum ETFs.
Trump Media has entered the fray, filing to launch the Truth Social Bitcoin and Ethereum ETF on June 18, 2025. This move comes as record inflows into Bitcoin and Ether ETFs are being observed this year. As of June 18, Bitcoin ETFs have recorded $412M in inflows, while Ethereum ETFs have seen $21M.
The competition to enter the altcoin ETF market has also intensified. Over 70 applications for ETFs for popular altcoins like Solana (SOL), XRP, Litecoin (LTC), Dogecoin (DOGE), Hedera (HBAR), Polkadot (DOT), Cardano (ADA), and Avalanche (AVAX) are currently under review by the SEC.
The SEC's approval rates for these altcoins are promising. The SEC has a 90% chance of approving Solana and Litecoin, an 85% chance for XRP, and an 80% chance for Dogecoin.
VanEck, Canary Capital, and Bitwise are among the companies supporting Solana, with Canary Capital filing for XRP and HBAR, and Bitwise targeting Dogecoin. 21Shares is actively filing for ETFs, particularly for Solana and other altcoins.
Leading asset managers in the crypto ETF scene in Germany include VanEck with its "VanEck Crypto & Blockchain Innovators UCITS ETF," Global X with the "Global X Blockchain UCITS ETF," iShares with the "iShares Blockchain Technology UCITS ETF," WisdomTree with the "WisdomTree Blockchain UCITS ETF," and Invesco with the "Invesco CoinShares Global Blockchain UCITS ETF."
State Street, which manages $4.7 trillion in assets, believes that the top 10 cryptocurrencies could have spot ETFs by the end of the year, possibly even surpassing gold and silver ETFs. This prediction is shared by some analysts, who see a growing demand for altcoin ETFs, despite doubts about the demand for less popular cryptocurrencies.
Grayscale and CoinShares have shown interest in Litecoin ETFs, while Bitwise is leading the charge for Dogecoin ETFs. Major players like BlackRock continue to lead the charge in the Crypto ETF landscape.
The more crypto-friendly regulatory environment established under the Trump administration has led to increased ETF filings by companies like BlackRock, VanEck, and Canary Capital. This trend is expected to continue as the race for altcoin ETFs heats up.
