According to Bloomberg ETF analyst Eric Balchunas, the answer is likely yes. On June 7, he stated that there’s a “really good chance” we’ll see active memecoin-focused ETFs soon, possibly by 2026.

Memecoins Enter the ETF Arena

Memecoins have exploded this year, particularly among retail traders. As interest grows, ETF providers are exploring ways to tap into this speculative but lucrative market. Balchunas expects that before we see a pure memecoin ETF, several active crypto ETFs will roll out first, setting the stage for more niche products.

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His remarks came in response to a post by the team behind “Vladcoin,” suggesting that ETFs should actively trade memecoins—buying the strong, selling the weak.

Spotlight on Dogecoin ETF Filings

Interest in a potential Dogecoin ETF is already high. Major players like Grayscale, Bitwise, 21Shares, Osprey Funds, and Rex Shares have filed with the SEC to launch ETFs based on Dogecoin, Bonk, and Official Trump (TRUMP).

However, the SEC has yet to approve any memecoin ETFs—or even altcoin-based ones like Solana, XRP, and Litecoin—despite dozens of applications filed this year.

Memecoin Market: Boom to Bust?

While early 2024 saw memecoins skyrocket, recent months have brought steep corrections. TRUMP is down 86%, Dogecoin by 75%, Shiba Inu (SHIB) by 85%, and Pepe (PEPE) has lost nearly 60%. Despite the downturn, the push for ETFs suggests long-term faith in the sector.

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The post Are Memecoin ETFs Coming? Analyst Says They Have a “Good Chance” appeared first on Coin Engineer.

Is the SEC Changing Its Stance on Crypto?

This move is seen as a potential shift in the SEC’s approach to cryptocurrencies. In 2020, the agency sued Ripple, alleging that the company issued XRP tokens as unregistered securities. However, in August 2023, a U.S. judge ruled that XRP is not inherently a security but could be considered one under certain conditions.

If the XRP ETF is listed as a commodity trust, it would be classified alongside existing spot Bitcoin (BTC) and Ethereum (ETH) ETFs, which were approved in 2023 and have driven significant interest in crypto investment products.

Trump’s Pro-Crypto Policies

21Shares submitted its Core XRP Trust ETF application in November 2024, just days after Donald Trump won the U.S. presidential election. Trump has pledged to make America the global hub for crypto and has appointed pro-crypto officials to key regulatory positions.

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On February 6, Cboe filed for four spot XRP ETFs, including 21Shares Core XRP Trust.

More Crypto ETFs Await Approval!

With the SEC’s acceptance of the XRP ETF application, expectations for additional crypto ETF approvals are rising. Applications have been filed for memecoin ETFs like Dogecoin (DOGE), Trump Coin (TRUMP), and Bonk (BONK), as well as altcoin ETFs for Solana (SOL) and Litecoin (LTC).

Existing Bitcoin and Ethereum ETFs are also looking to introduce staking and in-kind redemptions. On February 14, the Hashdex Nasdaq Crypto Index US ETF, the first spot crypto index fund in the U.S., began trading on Nasdaq.

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The post SEC Approves 21Shares Spot XRP ETF Listing! appeared first on Coin Engineer.