Strong demand for XRP and Solana ETFs is paving the way for upcoming Dogecoin and Chainlink listings.
The market is expected to move toward multi-asset “basket” ETFs instead of single-coin funds.
Both retail and institutional investors are increasingly choosing regulated ETFs to gain exposure to major altcoins, avoiding the risks tied to self-custody, thin liquidity, or offshore exchanges. The shift has boosted ETF issuers and turned several newly launched funds into immediate standouts.
Record Demand Exceeds Expectations
The biggest surprise has been the surge in demand for the new XRP and Solana ETFs. Instead of a slow rollout, both products launched with higher trading volume than any other ETF debut in the U.S. this year. Canary’s XRPC ETF, in particular, is still pulling in about $15 million in fresh inflows each day, not counting the $240 million it received in seed capital on its first day.
This strong debut has changed industry expectations almost overnight. ETF providers that were previously hesitant are now fast-tracking plans as it becomes clear that demand for altcoin exposure hasn’t disappeared — it has simply shifted into a more regulated format.
Dogecoin and Chainlink Are Next
With the SEC fully operational again following the recent government shutdown, the next round of approvals is moving ahead quickly. Based on current timelines:
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Bitwise is expected to launch its Dogecoin ETF on November 26
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Grayscale plans to convert its Chainlink Trust into an ETF on December 2
These listings are widely seen as the start of a larger expansion cycle for the crypto ETF market.
ETF Innovation Outpacing Regulation
Some issuers are already testing the next frontier. BlackRock’s proposal for an Ethereum ETF with staking has become one of the industry’s most-watched filings. If approved, the product would offer yield through staking rewards — but it may also introduce new tax and reporting challenges for investors.
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