Here Are The Crypto ETF Filings And Amendments In Last 48 Hours

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The crypto ETF landscape is heating up as major asset managers race to file new proposals and amendments—just days before Gary Gensler’s anticipated departure as Chair of the U.S. Securities and Exchange Commission (SEC). With regulatory winds shifting and a new administration on the horizon, market participants are watching closely as filings pour in from industry leaders like VanEck, Canary Capital, CoinShares, ProShares, and others.

This surge in activity reflects growing confidence that 2025 could mark a pivotal year for cryptocurrency-based exchange-traded funds, particularly for assets beyond Bitcoin and Ethereum. Let’s break down the latest developments, explore the evolving regulatory climate, and assess the likelihood of approval for some of the most anticipated crypto ETFs.

Recent Crypto ETF Filings and Amendments

In the past 48 hours, several high-profile firms have submitted new ETF applications or updated existing ones—strategically positioning themselves ahead of potential leadership changes at the SEC.

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VanEck Files for Onchain Economy ETF

On January 15, VanEck filed with the SEC for an “Onchain Economy” ETF. Unlike traditional spot or futures-based crypto ETFs, this fund is designed to invest in companies operating within the blockchain ecosystem. This includes:

This approach mirrors traditional sector-based ETFs but applies it to the emerging digital asset economy—offering investors indirect exposure without holding cryptocurrencies directly.

Canary Capital Advances Litecoin ETF Bid

Nasdaq recently filed a 19b-4 amendment and updated S-1 form on behalf of Canary Capital, signaling continued progress toward a potential Litecoin ETF. Canary first submitted its application in October, and this latest move puts additional pressure on the SEC to act.

ETF analyst Eric Balchunas has pointed to these amendments as a strong indicator that a spot Litecoin ETF could be closer than many expect. While no official decision timeline has been announced, the momentum suggests regulators may soon face mounting pressure to respond.

Tidal DeFi Launches Digital Asset Debt Strategy ETF (DADS)

Tidal DeFi made headlines this week by filing for the Oasis Capital Digital Asset Debt Strategy ETF (DADS). This innovative fund aims to invest in debt instruments issued by crypto-native enterprises, such as:

By focusing on debt rather than equity or direct crypto holdings, DADS represents a novel way to gain exposure to the crypto economy through fixed-income-like instruments—a first-of-its-kind strategy in the ETF space.

CoinShares Enters With Proprietary Index ETF

Digital asset giant CoinShares has also entered the fray with its “CoinShares Digital Asset ETF.” The fund is designed to track the Compass Crypto Market Index, a proprietary benchmark that evaluates digital assets based on liquidity, security, and regulatory compliance.

This structured approach appeals to institutional investors looking for diversified, rules-based exposure to top-tier cryptocurrencies—without the volatility of single-asset bets.

ProShares Expands Futures ETF Lineup

ProShares, already known for launching the first Bitcoin futures ETF, has now filed for a suite of new products tied to XRP and Solana. These include:

While these are not spot ETFs—and therefore less desirable to purists—they demonstrate sustained institutional interest in expanding crypto derivatives access. If approved, they could become early gateways for retail investors seeking speculative exposure.

Shifting Regulatory Landscape

The flurry of filings coincides with major political and regulatory shifts. Gary Gensler’s tenure at the SEC, which began in April 2021, has been defined by aggressive enforcement actions against major crypto firms, including high-profile lawsuits involving Ripple Labs, Coinbase, and Binance over unregistered securities offerings.

However, with President-elect Donald Trump’s administration set to take office, expectations are rising for a more accommodating regulatory environment.

A More Crypto-Friendly SEC Ahead?

Market observers anticipate that the incoming administration will prioritize regulatory clarity and innovation in digital assets. One key development is the potential nomination of Paul Atkins, a former SEC commissioner and vocal advocate for pro-crypto policies, to lead the agency.

Atkins’ appointment could signal a dramatic shift in enforcement philosophy—one that emphasizes market access and investor protection over litigation.

Additionally, sources suggest that the SEC may temporarily freeze certain ongoing cases—particularly those not involving fraud allegations—as part of a broader review under new leadership.

👉 See how regulatory changes could unlock new opportunities in digital assets.

Congress is also moving forward with legislative efforts, including proposed frameworks for regulating stablecoins and broader crypto markets. If passed, these laws could provide the statutory clarity the SEC has long cited as a barrier to approving more spot crypto ETFs.

What Are the Odds of Approval in 2025?

As we move deeper into 2025, experts agree this could be a landmark year for crypto ETFs. While Bitcoin and Ethereum spot ETFs have already gained traction, attention is now turning to next-generation assets.

Top Contenders for Spot ETF Approval

Based on recent filings, market sentiment, and analyst predictions, here are the leading candidates:

Solana (SOL)

Analysts project that the first spot Solana ETF could launch as early as Q1 2025. VanEck filed its application in June 2024 to list on the Cboe BZX Exchange, and regulatory tailwinds may accelerate approval.

Polymarket currently assigns an 78% probability of approval—a strong signal of market confidence.

XRP

Despite ongoing legal ambiguity around XRP’s classification, major players like Bitwise, 21Shares, and WisdomTree have all filed for XRP ETFs. Speculation has driven XRP’s price above $3.20—a multi-year high.

Polymarket estimates a 70% chance of approval, reflecting growing optimism despite past SEC resistance.

Litecoin (LTC)

Often referred to as “digital silver” to Bitcoin’s “digital gold,” Litecoin is gaining traction as a viable ETF candidate. Eric Balchunas views Canary Capital’s recent amendments as a positive sign.

Current odds stand at 31%, but momentum may increase if Litecoin can demonstrate clear utility and compliance advantages.

Why 2025 Matters

2025 represents a convergence of factors: maturing infrastructure, growing institutional demand, and shifting politics. With Gensler stepping down and a new regulatory philosophy emerging, the path forward for altcoin ETFs appears clearer than ever.

Frequently Asked Questions (FAQ)

Q: What is a crypto ETF?
A: A cryptocurrency exchange-traded fund (ETF) allows investors to gain exposure to digital assets through traditional stock exchanges—without needing to buy or store crypto directly.

Q: How do spot ETFs differ from futures ETFs?
A: Spot ETFs hold the actual cryptocurrency (e.g., Bitcoin), while futures ETFs invest in futures contracts. Spot ETFs are generally preferred due to lower complexity and tracking accuracy.

Q: Why are so many filings happening now?
A: With expected leadership changes at the SEC and potential shifts in crypto policy under the new administration, firms are filing now to position themselves for faster approvals.

Q: Will XRP get an ETF in 2025?
A: While not guaranteed, filings from major asset managers and rising market odds (70% on Polymarket) suggest it's increasingly possible—especially if regulatory sentiment shifts.

Q: Are these ETFs available to retail investors?
A: Once approved by the SEC, yes—these funds would trade on major stock exchanges like NYSE or Nasdaq, making them accessible through standard brokerage accounts.

Q: What impact could these ETFs have on crypto prices?
A: Historically, ETF approvals have led to significant price increases due to increased institutional inflows and mainstream adoption. Similar effects are expected for Solana, XRP, and Litecoin if approved.

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