Altcoin ETF Race: Which Crypto ETF Will Launch First
Which Altcoin ETF Will Be Approved First? Analysts Weigh In
The race for altcoin ETFs has intensified, with multiple asset managers filing 19b-4 forms in hopes of securing altcoin ETF Approval from the U.S. Securities and Exchange Commission (SEC). While Bitcoin and Ethereum filings have dominated headlines, several alternative cryptocurrencies are now poised to join the ETF Crypto sphere. ETF Analysts like James Seyffart and Eric Balchunas suggest that these crypto altcoin ETF products could transform how institutional and retail investors gain exposure to the broader crypto market.
Analysts’ Outlook on Key Altcoin ETFs
Recent filings show promising developments for Litecoin, Solana, Dogecoin, and XRP ETFs:
Altcoin ETF
Source: X
Litecoin ETF: Submitted by Canary and Grayscale, the proposal’s final deadline is October 2, 2025. The SEC is inclined to view Litecoin as a commodity, leading analysts to assign a 90% approval probability.
Solana ETF: With filings from Grayscale, VanEck, 21Shares, Canary, and Bitwise, Solana’s final decision date is October 10, 2025. Classified as a non-commodity, it currently holds a 70% chance of Altcoin ETF clearance.
XRP ETF: Multiple entities (Grayscale, Bitwise, Canary, 21Shares, WisdomTree) have proposed a spot XRP product. The final deadline of October 17, 2025, and the SEC’s view of XRP as non-commodity yield a 65% approval forecast.
Dogecoin ETF: Filed by Grayscale and Bitwise, this best altcoin ETF contender is likely seen as a commodity by regulators. With an October 18, 2025 deadline, it has a 75% chance of acceptance.
Other projects such as HBAR and Polkadot remain in limbo, lacking specific 19b-4 details or definitive timelines. Nonetheless, their status could change quickly if market conditions and SEC stances evolve.
Cardano ETF: The New Player in the Race
Grayscale has turned heads by submitting a 19b-4 form for a Cardano ETF, marking the first-ever attempt to introduce a ADA ETF in the U.S. market. This development stirred optimism in the Cardano community, driving a 16% surge in cardano price, which now stands at $0.79. With a market cap of $28.01B and a 24-hour trading volume of $1B, Cardano has once again proven its resilience amid regulatory uncertainties. Market observers are closely watching Cardano ETF News for further updates.
Which Crypto ETF Is Likely to Launch First?
Industry analysts often ask, “Which crypto ETF is best?” or wonder about the first to clear the regulatory hurdles. Given the high probability attached to Litecoin, some speculate the Litecoin ETF might debut first. However, Dogecoin’s 75% odds and a slightly later deadline leave open the possibility that the XRP ETF or Cardano ETF could surprise investors if the SEC’s stance shifts favorably.
What is an ETF?
Exchange-Traded Funds (ETFs) are investment products designed to track an underlying asset or group of assets. In the context of ETF Crypto, these funds provide exposure to digital currencies—often through futures contracts—without requiring direct ownership or custody of the tokens themselves.
Conclusion
With crypto ETF approval odds on the rise, the competition among best altcoin ETF filings has never been fiercer. Whether it is the Litecoin ETF, XRP ETF, Cardano ETF, or another frontrunner, 2025 is shaping up to be a pivotal year for spot crypto ETFs. Investors and institutions alike will be watching closely to see which product wins the race to the U.S. market first.
