The SEC is currently reviewing 72 cryptocurrency ETF applications, covering Solana, XRP, Litecoin, Dogecoin, and even the newly popular meme tokens Trump and Pudgy Penguins.
Written by: Douglas Lampi
Translated by: Blockchain Simplified
Editor’s Note:
In 2025, the U.S. Securities and Exchange Commission (SEC) is reviewing 72 cryptocurrency ETF applications, covering Solana, XRP, Litecoin, Dogecoin, and even the newly popular meme tokens Trump and Pudgy Penguins. These applications come from top institutions like Grayscale, Bitwise, and Franklin Templeton, showcasing unprecedented institutional enthusiasm.
XRP leads with 10 applications, followed closely by Solana, indicating a potential influx of capital. Once approved, these ETFs could reshape the market, opening the door for investors to engage in cryptocurrency investments without complex operations.
Here are more details about these altcoin ETFs:
Do you feel like you might miss the next wave of excitement in the cryptocurrency market? While Bitcoin and Ethereum ETFs are in the spotlight, another more significant story is quietly brewing.
Looking back at the early days of Bitcoin and Ethereum, those who recognized their potential early on reaped substantial rewards.
ETFs will begin trading on January 11, 2024
Now, imagine a similar opportunity emerging that has yet to attract mainstream attention.
The "truth" that hasn't made the evening news is that, aside from the major players, there are currently a dozen other cryptocurrencies awaiting approval for ETF applications with the SEC.
These include a diverse range of digital assets, from meme tokens and Layer-1 giants to NFT-related tokens—names you might not have anticipated.
As of April 2025, the SEC is reviewing 72 applications for cryptocurrency-related exchange-traded funds (ETFs), covering various digital assets. These applications include major cryptocurrencies like Solana (SOL), XRP (Ripple), Litecoin (LTC), and Dogecoin (DOGE), as well as emerging tokens like Sui (SUI), Hedera (HBAR), Avalanche (AVAX), and even themed assets like Trump Meme and Pudgy Penguins tokens (PENGU).
Notable asset management firms involved in these applications include Grayscale, 21Shares, Bitwise, Canary Capital, WisdomTree, CoinShares, and Franklin Templeton. Notably, XRP leads with over 10 individual ETF applications, while Solana has 5, reflecting strong institutional interest in these assets.
Bloomberg ETF analyst James Seyffart has compiled a detailed list of pending ETF applications, which can be found in various industry reports.
The key point is that once these applications are approved, they could lead to significant capital inflows.
As we have seen with Bitcoin and Ethereum ETFs, regulatory approval can open the floodgates for institutional and retail investors. Those who position themselves early may reap considerable rewards.
While you may be bombarded with cryptocurrency news, this particular development has not garnered enough attention from most people.
Don’t let FOMO (fear of missing out) regarding big names blind you to other potential profit opportunities.
This is an opportunity to enter the market before widespread attention.
Therefore, it is crucial to focus on these developments now. The list of cryptocurrencies with pending ETF applications represents a field full of potential.
By preparing for these potential approvals, you can get ahead of the anticipated wave.
Here is a partial list of submitted applications—some names may surprise you…
1. Solana (SOL)
Solana follows Ethereum closely, with applications submitted by VanEck, 21Shares, Bitwise, Grayscale, Canary Capital, and even Franklin Templeton. This high-performance Layer-1 has attracted institutional attention due to its scalability and active ecosystem. A SOL ETF could open the door to widespread adoption.
2. XRP (Ripple)
Despite facing regulatory hurdles, XRP has not backed down. Bitwise, Grayscale, WisdomTree, 21Shares, Franklin Templeton, CoinShares, ProShares, Teucrium, and Volatility Shares have all submitted ETF applications. This is a significant institutional interest for a token that has faced challenges.
3. Litecoin (LTC)
Litecoin is often overshadowed by Bitcoin but has quietly earned respect as a reliable digital asset. Canary Capital, Grayscale, and CoinShares have all submitted ETF applications related to LTC. This veteran cryptocurrency is gaining new regulatory attention.
4. Dogecoin (DOGE)
Yes, this meme is going mainstream. Bitwise, Grayscale, and Rex Shares have submitted applications, and Dogecoin may soon join Bitcoin in the regulated asset category. A token that started as a joke could eventually find its way into your retirement portfolio.
5. Avalanche (AVAX)
VanEck is optimistic about Avalanche's subnets and scalability, having submitted an ETF proposal. Although still in the early stages, AVAX's modular chain design has caught institutional interest.
6. Aptos (APT)
This is a more speculative project, but Bitwise has officially submitted an application. Aptos is a Layer-1 derived from the Meta Diem project, possessing unique advantages that institutional players are watching.
7. Sui (SUI)
Canary Capital has submitted an application for SUI, another Diem sister protocol focused on Move programming and fast parallel execution. While still in the early stages, its entry into the ETF application list is noteworthy.
8. Hedera (HBAR)
With its enterprise partnerships and unique hashgraph consensus mechanism, Hedera continues to maintain momentum. Canary Capital has submitted an HBAR-based ETF application, adding credibility to its long-term vision.
9. Trump Meme (TRUMP)
Submitted by Rex Shares, this is more of a political meme than a currency asset. But it has officially entered the SEC's list. Whether it is satire or serious depends on market reaction—regardless, it is in the process.
10. BONK
Rex Shares submitted BONK along with other applications, a Solana-based meme that continues to grow in grassroots popularity. Seeing it appear in ETF form could mark the beginning of regulated meme trading.
11. Pudgy Penguins (PENGU)
NFT enthusiasts, take note! Canary Capital has submitted an ETF application related to PENGU (Pudgy Penguins). This could be one of the first NFT-related tokens considered for ETFs.
What does this mean for you?
ETFs provide traditional investors with the opportunity to access cryptocurrencies without the hassle of dealing with wallets and private keys.
If even a few of these applications are approved, it could trigger a massive influx of funds into the related assets.
The window of opportunity to enter before the ETFs officially launch may be narrower than most people expect.
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