Next Spot ETFs In Line Revealed: Solana, XRP, and HBAR Set to Explode!

Nate Geraci, President of The ETF Store, recently revealed that applications for Solana (SOL), XRP, and Hedera (HBAR) ETFs are already in progress, and more like Cardano (ADA) and Avalanche (AVAX) could be on the way. But that’s just the beginning—could this mark the start of an “altcoin season,” where institutional investors shift their focus beyond Bitcoin and Ethereum?

Read on to discover why these altcoins are catching the eye of big players and what this means for the future of crypto investments.

Solana (SOL) has gained attention for its scalability and low transaction fees, prompting VanEck to file a spot ETF to take advantage of its growing ecosystem. XRP has seen renewed confidence following its regulatory clarity, with Bitwise also applying for an XRP spot ETF. Hedera (HBAR), known for its efficient distributed ledger, has also attracted filings, including an S-1 registration by Canary Capital.

Strong Contenders for Future ETFs

Cardano (ADA) and Avalanche (AVAX) are seen as strong candidates for future ETF filings. Cardano’s focus on security and scalability through its proof-of-stake model, along with Avalanche’s fast transaction finality and multi-chain capabilities, make them appealing to asset managers.

As institutional players look beyond Bitcoin and Ethereum, these filings show the growing interest in diversifying portfolios with altcoins.

Bitcoin’s Limited Supply

Geraci also highlighted Bitcoin’s limited supply. Out of the total 21 million Bitcoins, nearly 20 million have already been mined, with an estimated 4-5 million permanently lost. Satoshi Nakamoto’s wallet alone holds over 1 million Bitcoins, and spot ETFs together hold another 1 million. MicroStrategy is expected to increase its holdings to 400,000.

This limited availability adds to Bitcoin’s rarity and value, making it even more attractive to institutional investors.

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Is a DOGE ETF Coming?

Bloomberg’s ETF analyst, Eric Balchunas, suggested that December 31 would be a good date for filing a DOGE ETF, reflecting the rising interest in cryptocurrency ETFs. Financial institutions are eager to expand their offerings and meet the growing demand for digital asset investments.

The rise of altcoin ETFs and Bitcoin’s restricted supply signals a shift in cryptocurrency investment strategies. This trend shows that digital assets are increasingly becoming a part of mainstream financial markets.

With the possibility of a Trump win and the success of Bitcoin ETFs, altcoins like SOL and XRP could soon have their own ETFs. This momentum is a sign of good things to come.