Which Altcoin ETF Will Approved: Dogecoin, XRP, Hedera, or Litecoin?

Bittime - After the success of Bitcoin and Ethereum ETFs, various fund issuers began to submit proposals for altcoin ETFs, such as Dogecoin (DOGE), XRP (XRP), Hedera (HBAR), and Litecoin (LTC). 

So, which altcoin ETF has the greatest chance of getting approval? Read this article to find out more!

Altcoin ETF: Dogecoin (DOGE)

Dogecoin, known as the most popular meme coin, is one of the strong candidates for the altcoin ETF launch. 

Rex Shares has submitted an application to launch the Rex-Osprey DOGE ETF. Additionally, Bitwise Asset Management has also registered a Dogecoin ETF in Delaware, although it still has to file a complete application with the SEC.

Many analysts are optimistic that Dogecoin ETF could launch soon. Eric Balchunas, ETF analyst at Bloomberg, estimates that a Dogecoin ETF could be launched as early as April 2025.

Read Also: Dogecoin ETF and Its Impact on DOGE Prices  

Altcoin ETF: XRP (XRP)

XRP, which is tied to the Ripple network, is also taking center stage in altcoin ETF launch discussions. Several applications have been filed, such as the Rex-Osprey XRP ETF and the 21Shares Core XRP Trust.

After Ripple's victory in the legal dispute with the SEC, the chances of an XRP ETF are increasing. Analysts from J.P. Morgan estimates that an XRP ETF could attract investments of $3 to $6 billion if approved. 

Additionally, there are also applications for XRP futures-based ETFs, such as ProShares Short XRP and ProShares 2x XRP, which allow investors to take a short position or leverage on future XRP price movements.

Altcoin ETF: Hedera (HBAR)

Hedera is also joining the altcoin ETF competition. Canary Capital was the first to submit an application for the Hedera ETF last November. The opportunity for the Hedera ETF is considered quite large, it could even precede the XRP and Solana ETFs.

However, there are still doubts whether investor demand is large enough for the Hedera ETF. This token does have a strong technological base, but its popularity in the market is not yet comparable to Dogecoin or XRP.

Read Also: HBAR ETF Plans and HBAR Price Predictions 2025, Can It Reach $5?  

Altcoin ETF: Litecoin (LTC)

Litecoin, often referred to as Bitcoin's "brother", is also an interesting candidate for the altcoin ETF. 

Canary Capital and CoinShares have submitted several applications for Litecoin-based ETFs, including plans to convert the Greyscale Litecoin Trust into an ETF.

Litecoin has an advantage in terms of regulatory stability compared to other altcoins such as Solana. This makes it expected that a Litecoin ETF will be approved sooner. 

As a peer-to-peer cryptocurrency designed to increase the speed of blockchain transactions, Litecoin has a solid reputation with regulators.

Read Also: Will a Litecoin ETF Be Approved by the SEC Soon This Year?  

Which Altcoin ETF Will Approved?

Of the four candidates, a Litecoin ETF appears to have the greatest chance of being approved sooner, given its relatively unchallenged regulatory status. 

However, the Dogecoin ETF also has great potential due to its high popularity and wide community support.

Meanwhile, an XRP ETF has potential post Ripple's win, although its approval still depends on SEC policy changes. 

For the Hedera ETF, although the opportunities are quite promising, the lack of investor demand could be a major obstacle.

Read Also: XRP ETF vs HBAR ETF vs SOL ETF, Which Will Be Approved?  

Crypto ETF FAQs

What are Crypto ETFs?

Crypto ETFs are investment products that allow investors to gain exposure to crypto assets without needing to directly purchase or hold the crypto assets. These crypto ETFs trade on exchanges like regular stocks.

How Do Crypto ETFs Work?

Crypto ETFs follow the price movements of a particular crypto asset or group of crypto assets. When investors buy a crypto ETF, they are investing in a portfolio managed by an asset manager without having to own the crypto directly.

What Are the Advantages of Crypto ETFs Compared to Buying Crypto Directly?

The advantages of crypto ETFs are ease of access, professional management, and reduced risks associated with storing crypto assets such as loss or hacking. Additionally, crypto ETFs can be bought and sold on exchanges like regular stocks.

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Reference

Decrypt, Which Crypto ETFs Are Next? Dogecoin, XRP, and Solana Lead the List, accessed January 27, 2025.

Author: IPR