The push to bring altcoin and memecoin ETFs to market is moving at lightning speed. In just a few months, over 60 filings have landed on the SEC’s desk, according to Bloomberg Intelligence analysts. The list isn’t just made up of the usual suspects like Litecoin (LTC-USD), Solana (SOL-USD), XRP (XRP-USD), and Dogecoin (DOGE-USD). There’s even a Trump-themed ETF in the mix. This just proved that crypto’s wild side is inching closer to Wall Street legitimacy.
The SEC has already acknowledged filings for Solana, XRP, and Dogecoin ETFs. That doesn’t mean approval is guaranteed, but it’s the first real sign they’re on the table. Alexander Blume, CEO of Two Prime, put it bluntly: “Acknowledgment allows for the obligatory public comment period and diligence process to commence.” In other words, the SEC is at least willing to listen. And in a market that once seemed allergic to crypto, that alone is a shift worth watching.
Litecoin and Solana ETFs Have the Best Odds
Out of all the filings, Litecoin and Solana stand out as the frontrunners. Litecoin has a clear advantage—it’s already classified as a commodity by the CFTC, eliminating the regulatory headaches that plague other altcoins. That alone makes it a strong contender for first in line.
Solana isn’t far behind. Crypto analyst Nic Puckrin believes it has the next best shot, thanks to heavy institutional interest and multiple ETF filings from major firms like VanEck and Bitwise. Unlike smaller altcoins still fighting for legitimacy, Solana has already carved out a reputation as one of crypto’s biggest players. If the SEC is looking for a safe bet in the altcoin space, these two seem to have the smoothest path forward.
Dogecoin ETF Faces an Uphill Battle
Dogecoin might have the hype, but that won’t be enough to win over regulators. While Grayscale, Bitwise, and Rex Osprey have all lined up with Dogecoin ETF applications hoping for approval, its path looks far rockier than its rivals. The issue isn’t just that it started as a joke—it’s the extreme volatility and speculation that make it a tough sell for the SEC.
Titan co-founder Chris Chung isn’t optimistic about Dogecoin jumping the line. He expects XRP, Solana, and Litecoin to get the green light first, leaving Dogecoin trailing behind. “Doge would probably be last as it’s a meme coin, so it’s harder to justify why it would be listed as an ETF,” Chung explained. That’s the uphill battle Dogecoin faces—it’s beloved by traders and Elon Musk alike, but in the eyes of regulators, being popular doesn’t mean being approved.
The SEC is under growing pressure to expand its approval of crypto ETFs. The next few months could decide how far that door opens. If altcoin ETFs get the green light, it won’t just be another regulatory win. It could trigger a surge of institutional investment, pulling crypto even deeper into the financial mainstream. Investors should monitor how these developments impact crypto prices by tracking the prices on TipRanks’ Cryptocurrency Center. Click on the image below to find out more.
