With a more crypto-friendly U.S. administration and the departure of SEC Chair Gary Gensler, asset managers are now pushing for a broader range of ETFs – spanning altcoins, memecoins, and even NFTs.
Strategic Implications
- BTC and ETH spot ETFs brought billions in institutional inflows, legitimizing crypto in TradFi.
- Asset managers are actively filing for ETFs covering Solana, XRP, Litecoin, Cardano, and more.
- ETFs for memecoins like DOGE, TRUMP, BONK, and PENGU have also been filed.
- Bloomberg and Polymarket estimate approval chances ranging from 75–90% for assets like SOL, XRP, and LTC, to very low for SUI, APT, and meme-based funds.
Crypto is divided. Everything is fragmented, from liquidity to opinions about Layer 1 supremacy, and people have differing opinions. But if one thing unites all crypto trench dwellers, it's the wish for mainstream adoption.
In 2024–2025, the dream of mainstream acceptance took a giant leap forward with the approval and rapid expansion of crypto ETFs.
For the first time, investors could gain direct exposure to a wide range of digital assets through traditional brokerage accounts without navigating complex crypto wallets or exchanges.
Institutional investors, previously hesitant due to regulatory uncertainty, poured billions of dollars into Bitcoin and Ethereum ETFs within weeks of launch. The impact was immediate. Bitcoin's price surged past new all-time highs, and Ethereum ETFs received approvals soon after. These ETFs provided a more accessible investment vehicle and deeper market liquidity for TradFi participants. It also sets a regulatory precedent for altcoin ETFs.
Now, with Gary Gensler out of the way as SEC Chair and the US being run by a more crypto-friendly administration, asset managers are taking this opportunity to file for more altcoin ETFs like Solana and Ripple, and even memecoins like Dogecoin, BONK, and Trump Memecoin.
In this article, I provide a comprehensive overview of the current state of the crypto ETF frenzy with regard to the U.S.
