Dogecoin

Which Crypto ETFs Are Next? Dogecoin, XRP, and Solana Lead the List

Published

2 months ago

January 26, 2025

The cryptocurrency industry notched two major victories last year when several fund issuers secured long-awaited approvals to offer spot Bitcoin exchange-traded funds and their Ethereum-based counterparts in the U.S. But that doesn’t mean issuers are ready to rest on their laurels just yet.

In recent months, fund managers have proposed new investment offerings directly tracking the prices of a variety of cryptocurrencies, from Dogecoin to XRP, Solana, and even Donald Trump’s meme coin.

Here are the various crypto-based ETFs that could soon be offered in the United States, and a look at the high-profile filings so far for each asset.

Solana

Spot Solana exchange-traded funds are one potential alternative to Bitcoin and Ethereum ETFs that could begin trading in the U.S. this year or next.

The proposed funds, which include the VanEck Solana Trust, 21Shares Core Solana ETF, Canary Solana ETF, and Bitwise Solana ETF, would directly track the price of the fourth-largest cryptocurrency by market capitalization.

Meanwhile, a handful of proposed Solana futures ETFs such as the ProShares Short Solana, ProShares 2x Solana, and Vol Shares’ Solana ETF would enable investors to make more complex bets on Solana’s price movements.

However, both spot and futures Solana ETFs will likely not begin trading in the U.S. until 2026, according to Bloomberg analyst James Seyffert. That’s because the U.S. Securities and Exchange Commission still has to assess a batch of spot Solana ETF applications.

The SEC typically takes between 240 and 260 days to make decisions on applications. But ongoing litigation over whether Solana is or isn’t a security could prolong that process for several would-be Solana ETFs.

Nevertheless, if and when spot Solana ETFs are approved, the investor dollars they attract could be massive. JP Morgan analysts predict Solana ETFs could collectively bring in between $4 and $8 billion in investments.

Dogecoin

A few issuers have signaled that they plan to offer spot Dogecoin ETFs following a wave of political events that slingshotted the Shiba Inu-inspired meme coin to a three-year-high price of $0.48 in December.

Exchange-traded fund provider Rex Shares applied in January to launch the Rex-Osprey DOGE ETF, the company’s filing with federal regulators shows.

Meanwhile, Bitwise Asset Management has registered a Dogecoin ETF entity in Delaware, a major step towards applying for permission to launch an exchange-traded fund based on Elon Musk’s beloved cryptocurrency. But Bitwise still needs to file a comprehensive application with the SEC before any potential fund could come to market.

Analysts are bullish that it won’t take long for Dogecoin ETFs to hit the market, however. Bloomberg senior ETF analyst Eric Balchunas said this week that a spot Dogecoin ETF could theoretically launch as early as April, thanks to a rule that enables federal regulators to weigh in on investment offering proposals within an expedited 75-day timeframe, rather than the typical review period of eight to nine months.

XRP

Funds created around the Ripple-linked XRP—such as the Rex-Osprey XRP ETF, Canary XRP ETF and 21Shares Core XRP Trust—are up for review in the U.S., with federal regulators due to weigh in on applications for the funds later this month.

It remains unclear whether the ETFs will be approved or not, but a rash of expected rule changes at the SEC point to a higher likelihood that regulators could soon green light the funds in the U.S.

If XRP ETFs are approved, then the funds could collectively bring in between $3 and $6 billion in investments, according to a recent estimate from J.P. Morgan analysts.

Beyond spot XRP ETFs, XRP futures-based exchange-traded funds such as the ProShares Short XRP and ProShares 2x XRP are also up for consideration in the U.S.

The former would allow investors to short XRP, while the latter would enable investors to make leveraged bets on the cryptocurrency’s future price movements.

HBAR

Canary Capital filed for the first HBAR ETF last November. HBAR is the native cryptocurrency of the Hedera network.

In an X post in December, Bloomberg analyst Eric Balchunas expressed optimism about a spot HBAR ETF’s odds of receiving approval in the U.S., saying that such a fund could launch before its higher-profile Solana and XRP-based counterparts. Despite that, it remains unclear whether there is sufficient investor demand for such a fund, he said.

Litecoin

A rash of Litecoin-based ETF applications have been filed following President Donald Trump’s inauguration this week, as the chilly crypto regulatory environment shows signs of thawing.

CoinShares filed two registration statements for a “CoinShares Litecoin ETF” and “CoinShares XRP ETF,” while the New York Stock Exchange signaled that Greyscale is trying to convert its existing Litecoin Trust into an ETF.

The new filings come roughly two months after Canary Capital filed for its own Litecoin ETF, and days after Canary submitted an amendment to its application for the fund.

Litecoin is a peer-to-peer cryptocurrency created to improve verification time for blockchain transactions. Much like its spot HBAR ETF counterpart, Canary Capital’s Litecoin ETF is likely to get approved before Dogecoin, XRP, and Solana-based funds, according to Bloomberg analyst Eric Balchunas.

That’s because Litecoin’s regulatory status is less disputed than that of other altcoins such as Solana, which remain at the center of a legal battle between the SEC and major crypto industry players, according to Balchunas.

BONK, Trump, and beyond

Rex Shares filed with federal regulators in January to launch spot Trump and BONK-based ETFs, respectively.

The proposed funds form part of a growing list of meme coin-based investment products spun up by issuers, who are apparently eager to capitalize on investors’ growing interest in the digital assets market amid the latest crypto bull run.

Bloomberg analysts predict that TRUMP, BONK, and other meme coin-based ETFs could begin trading as soon as April—that is, if issuers’ proposals undergo and pass an expedited review process with federal regulators.

Edited by Andrew Hayward

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Altcoin

Dogecoin could rally in double digits on three conditions

Published

10 hours ago

March 28, 2025

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Dogecoin rallied nearly 10% this week, resilient in the face of the U.S. President Donald Trump’s tariff war and macroeconomic developments. Most altcoins have suffered the negative impact of Trump’s announcements, DOGE continues to gain, back above $0.2058 for the first time in nearly two weeks.

Dogecoin rallies in double-digits, what to expect from DOGE price?

Dogecoin (DOGE) hit a near two-week peak at $0.20585 on Wednesday, March 26. In the past seven days, DOGE rallied nearly 10%, even as altcoins struggled with recovery in the ongoing macroeconomic developments in the U.S.

The largest meme coin in the crypto market could continue its climb, extending gains by nearly 11%, and testing resistance at the lower boundary of the imbalance zone between $0.24040 and $0.21465.

The upper boundary of the zone at $0.24040 is the next key resistance for DOGE, nearly 24% above the current price.

Two key momentum indicators, the RSI and MACD support a bullish thesis for Dogecoin. RSI is 52, above the neutral level. MACD flashes green histogram bars above the neutral line, meaning there is an underlying positive momentum in Dogecoin price trend.

Dogecoin on-chain analysis

On-chain analysis of the largest meme coin shows that the number of holders of DOGE is on the rise. If Dogecoin’s number of holders keep climbing or steady in the coming week, the meme coin could remain relevant among traders.

The network realized profit/loss metric shows that DOGE holders have realized profits on a small scale. Typically, large scale profit-taking increases selling pressure on the meme coin and could negatively impact price.

The metric supports a bullish thesis for DOGE in the coming week. Dogecoin’s active address count has been steady since mid-March, another sign of the meme coin’s resilience.

DOGE derivatives analysis and price forecast

The analysis of Dogecoin derivatives positions across exchanges shows that open interest is recovering from its March 12 low. Open Interest is $1.98 billion, as Dogecoin trades at $0.19. Coinglass data shows a steady climb in OI in the chart below.

The total liquidations data shows $4.29 million in long positions were liquidated on March 27. Sidelined buyers need to watch liquidations data and prices closely before adding to their derivatives position.

The long/short ratio on top exchanges, Binance and OKX exceeds 1, meaning derivatives traders are betting on an increase in DOGE price.

When technical analysis and derivatives data is combined, it is likely Dogecoin price could test resistance at $0.21465 next week, if spot prices follow the cue of derivatives traders.

What to expect from DOGE

Dogecoin wallets holding between 1 million and 10 million DOGE tokens added to their portfolio consistently between March 10 and 27, while the other two categories, holding between 10 million and 100 million DOGE and 100 million and 1 billion DOGE tokens held nearly steady in the same timeframe.

The data from Santiment shows that DOGE’s traders holding between 1 million and 10 million tokens are rapidly accumulating, even as the token’s price rises. This supports demand for DOGE and a bullish thesis for the meme coin.

Dogecoin ETF and DOGE catalysts

DOGE holders are closely watching developments in Bitwise’s Dogecoin ETF filing with the SEC. The ETF filing is an effort to legitimize the meme coin as an investment category for institutional investors, as DOGE price holds steady among altcoins rapidly eroding in value.

Bitcoin flashcrashes dragged Dogecoin down with it, to a small extent, however the meme token recovered each time and consistent gains could signal an end to DOGE’s multi-month downward trend.

Other key catalysts for Dogecoin are positive updates in crypto regulation, passage of the stablecoin bill in the Congress, and demand for DOGE among whales and large wallet investors.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Ali Martinez

Dogecoin Price Mirroring This 2017 Pattern Suggests That A Rise To $4 Could Happen

Published

3 days ago

March 25, 2025

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Crypto analyst KrissPax has revealed that the Dogecoin price is mirroring a pattern from a previous bull run. Based on this, he raised the possibility of a price surge to $4 for the foremost meme coin.

Dogecoin Price Mirroring 2017 Pattern As It Eyes Rally To $4

In an X post, KrissPax stated that the Dogecoin price continues to trade in a similar pattern to the 2017 bull cycle. He added that if the second large breakout of this cycle happens, DOGE could surge well over its current all-time high (ATH) of $0.73. His accompanying chart showed that the foremost meme coin could reach $4 when this price breakout occurs.

Crypto analyst Master Kenobi also recently mentioned that the Dogecoin price is mirroring a bullish pattern from the 2017 bull run. Like KrissPax, he also alluded to DOGE witnessing a second parabolic phase of its bull run, just like in 2017. However, he gave a more conservative prediction, predicting that DOGE could rally to $1.1 by June later this year.

The Dogecoin price already looks set for the second phase of its bull run, seeing as the foremost meme coin looks bottomed. Crypto analysts like Trader Tardigrade also suggested that DOGE has bottomed, having dropped to as low as $0.14. Now, the foremost meme coin could be targeting new highs, especially with the Bitcoin price also in rebound mode.

Crypto analyst Ali Martinez stated that the Dogecoin price is breaking out of a triangle, which can result in a 16% upswing. The target is a rally to $0.183, which could pave the way for a further rally to the psychological $0.2 price level. Dogecoin whales are also actively accumulating in anticipation of this price surge, as they bought over 120 million DOGE last week.

A Breakout Has Yet To Occur

While analyzing DOGE’s daily chart, Trader Tardigrade warned that the Dogecoin price hasn’t broken out just yet. His accompanying chart showed that the foremost meme coin needs to break above $0.185 to confirm the breakout. The analyst also noted that DOGE is struggling to break a descending trendline, as it continues to stay below this resistance after several attempts.

However, the analyst provided some positives for the Dogecoin price, stating that the RSI has shown a breakout, indicating that DOGE has gained significant momentum recently. He added that a strong uptrend could occur if this momentum continues to build. The accompanying chart showed that the meme coin could record a parabolic rally to as high as $0.5 if it breaks above $0.185.

At the time of writing, the Dogecoin price is trading at around $0.18, up over 4% in the last 24 hours, according to data from CoinMarketCap.

Featured image from iStock, chart from Tradingview.com

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Ali Martinez

Analyst Sets Dogecoin Next Target As Ascending Triangle Forms

Published

4 days ago

March 24, 2025

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Crypto analyst CobraVanguard has revealed the next price target for Dogecoin as an ascending triangle forms for the foremost meme coin. A rally to this price target could pave the way for the new highs, especially with the crypto market looking to be in rebound mode.

Next Target For Dogecoin As Ascending Triangle Forms

In a TradingView post, CobraVanguard set $0.197 as the next target for the Dogecoin price with an ascending triangle forming. He noted that this ascending triangle indicates a potential price increase. The analyst added that it is anticipated that the price could rise, aligning with the projected price movement of AB=CD.

Meanwhile, CobraVanguard warned that it is crucial to wait for the triangle to break before taking any action. His accompanying chart showed that Dogecoin needs to break above $0.177 to confirm a break above the ascending triangle. A break above that target would then lead to a rally to the $0.197 target.

Dogecoin already looks to be in rebound mode at the moment, alongside Bitcoin, which is nearing the $90,000 mark again. The foremost meme coin is nearing the $0.177 target for a break above the ascending triangle. As crypto analyst Kevin Capital suggested, DOGE will likely rally as long as BTC is in bullish territory.

Crypto traders are also betting on a Dogecoin rally to the upside. Crypto analyst Ali Martinez revealed that 76.26% of traders with open DOGE positions on Binance futures are leaning bullish. This is particularly bullish because Binance traders have a good track record of being right most of the time. In another X post, Martinez revealed that whales bought over 120 million DOGE last week, which is also bullish for the foremost meme coin.

DOGE’s Market Structure Has Shifted

In an X post, crypto analyst Trader Tardigrade revealed that Dogecoin’s market structure has shifted. This came as he noted that Dogecoin is recovering from an ascending triangle, forming higher highs and higher lows from lower highs and lower lows.

Based on this, the analyst affirmed that Dogecoin had shifted the market structure from a downtrend to an uptrend on the hourly chart since it just formed the second higher high. His accompanying chart showed that DOGE is eyeing a rally to $0.177 as it continues to form higher highs.

Martinez raised the possibility of the Dogecoin price rallying to as high as $4 or even $20 in the long term. He stated that if DOGE holds above the $0.16 support at the lower boundary of an ascending channel, history suggests that it could rebound toward the mid-range at $4 or upper range at around $20.

At the time of writing, the Dogecoin price is trading at around $0.174, up over 3% in the last 24 hours, according to data from CoinMarketCap.