The Altcoin ETF Wave: Every Crypto Fund Now Live, Filed, or Coming Next

Last Updated: November 6, 2026

Two years ago crypto had exactly two kinds of US spot ETFs: Bitcoin and Ether. Now funds for more than a dozen altcoins trade in the US, from Solana and XRP to Hyperliquid, Zcash and NEAR. Most new launches stake their tokens for yield, Grayscale’s filing to wrap Sam Altman’s iris-scanning token in a Nasdaq ticker is still waiting in line, and in October two altcoin funds shut down. The altcoin ETF wave is here, and yield has gone from a selling point to the standard. Here is the full map, updated for early November 2026.

Let me give it to you straight, fund by fund.

What is already live

Bitcoin. The originals. US spot Bitcoin ETFs held $96.65 billion on November 5, down from $104.7 billion on October 22, and BlackRock’s IBIT alone held $60.9 billion. Flows have swung hard this fall: the funds took in $2.39 billion in the week to September 25, their best week since October 2025, then lost about $870 million from November 2 to 5, according to SoSoValue. Live, huge, and now as likely to be a source of selling as of buying.

Ethereum. Spot ETH funds have been live since 2024, but the important ones are new. BlackRock’s iShares Staked Ethereum Trust (ETHB) began trading on March 12 and held about $1.05 billion by October 22, and Grayscale’s two staking funds held another $3.9 billion. Staking hasn’t stopped the selling, though: US Ether ETFs lost about $320 million in the week to October 16, led by BlackRock’s non-staking ETHA, and another $272 million from November 2 to 5, leaving $13.04 billion in the funds on November 5, according to SoSoValue.

Solana. SOL funds launched with staking enabled from the start, which made them the first crypto ETFs to pay investors a yield. Ten now trade in the US, including Morgan Stanley’s MSOL, which opened on July 28 with a 0.14% fee. Bitwise’s BSOL, the first with full direct exposure to SOL, began trading on October 28, 2025, six weeks after the SEC approved generic listing standards for crypto ETFs. US spot Solana ETFs held $1.33 billion on November 5, and their net inflows since launch slipped to $1.47 billion from $1.54 billion on October 22, according to SoSoValue data, with Bitwise’s BSOL alone holding $926 million. Their best week of 2026 came in late September, at $188 million, but a record 14-week inflow streak ended in early October, and the funds lost about $71 million in the week to October 30.

XRP. Eleven XRP ETFs now trade in the US, from spot funds to futures-based and 2x leveraged products. The five main spot funds held $1.41 billion on November 5, slightly more than the Solana funds, and have drawn about $1.81 billion in net inflows since launch, according to SoSoValue data, though flows have been close to flat since their first weekly outflow in mid-October. Blockchainreporter’s XRP ETF guide breaks down every ticker.

Everything else. The biggest change since the summer is how far down the market-cap list the wave now reaches. These are the other altcoins with spot or staking ETFs trading in the US:

Sources: fund pages from Grayscale, Bitwise, Canary, 21Shares, VanEck and REX Shares. Net assets as of October 21 to 23, 2026, rounded. REX-Osprey’s DOJE is a 1940 Act fund that holds Dogecoin directly and through a Dogecoin ETP.

Grayscale’s Zcash ETF is the breakout. Converted from a trust on August 25, it climbed to about $1 billion in assets in late September as ZEC rallied, then gave some of that back to outflows and a pullback, ending October 23 at $686 million before recovering to about $735 million on November 5. Hyperliquid’s three funds, the first of which, 21Shares’ THYP, launched on May 12, hold about $387 million together, and Bitwise’s NEAR ETF, which stakes all of its tokens, reached $85 million within a month of its September 29 debut. At the other end, Canary’s Litecoin fund, which opened on October 28, 2025 alongside the first Solana and Hedera ETFs, holds about $14 million a year later.

Index funds add another layer. Grayscale’s CoinDesk Crypto 5 ETF (GDLC), the Bitwise 10 Crypto Index ETF (BITW), Hashdex’s Nasdaq CME Crypto Index ETF (NCIQ) and the T. Rowe Price Active Crypto ETF (TKNZ), which debuted on July 16, hold mostly Bitcoin and Ether, with small slices of coins such as BNB, Hyperliquid, Chainlink, Cardano and Stellar. For now, index funds are the only US ETF route to spot Cardano and Stellar.

What was just filed

Worldcoin. Grayscale filed an S-1 with the SEC on July 20 to launch the first US spot ETF tracking Worldcoin’s WLD token, proposed for Nasdaq under the ticker GWLD. It would give traditional investors regulated exposure to Sam Altman’s biometric identity project without touching a wallet or an orb. Three months later it still hasn’t launched, and the filing explains why: Grayscale will list the shares under Nasdaq’s generic rules only “once WLD satisfies the applicable eligibility requirements.” In other words, WLD doesn’t qualify yet.

This one still matters beyond WLD itself. Worldcoin is a mid-cap token with a controversial premise. A filing for it signals that issuers now believe the regulatory path extends well past the blue chips.

The rest of the queue. The filings since then show where issuers think the next money is. A Winklevoss Zcash ETF, filed on October 6 under the ticker WINK with Gemini as custodian, would charge 0.25% a year, a tenth of the 2.50% Grayscale charges for ZCSH. Grayscale has filed to move its Litecoin and Bitcoin Cash trusts onto NYSE Arca as ETFs, 21Shares and Canary updated their Injective ETF filings in September, and Canary amended its filing for a staked SEI fund. On October 2 the SEC also approved the exchange rule for Volatility Shares’ 3x Bitcoin and 3x Ether funds, the first triple-leveraged crypto ETFs in the US, though they still need their registrations to take effect before they can trade.

And the exits. Not everything makes it. Grayscale withdrew its Cardano, Polkadot and Hedera ETF filings on August 7, though rival funds already cover Polkadot and Hedera, and VanEck pulled its Lido staked Ether ETF in October. Two live funds have also closed: Bitwise’s Dogecoin ETF (BWOW) stopped trading on October 14, less than a year after launch, and the CoinShares Altcoins ETF (DIME) traded for the last time on October 20.

Why staking changed the entire game

Here is the thread connecting all of it.

The first generation of crypto ETFs had a design flaw: they gave you price exposure and nothing else. If you held the coin yourself and staked it, you earned yield. If you held the ETF, you gave that yield up in exchange for convenience. For a proof-of-stake asset, the wrapper was strictly worse than the asset.

Solana’s ETFs broke that by launching with staking enabled. Ether funds followed: Grayscale’s now stake most of their ETH, BlackRock’s staked fund opened in March, and Grayscale has moved to pay staking rewards out as cash from its Ether and Solana funds. Also in March, the SEC and CFTC issued joint guidance concluding that protocol staking, including through a custodian, doesn’t involve the offer or sale of a security as long as it follows the guidance’s conditions, which removed the biggest legal question hanging over these products. Staking is now the default for new launches: every Sui, Avalanche, Hyperliquid, BNB, Tron, NEAR and Polkadot fund in the table above stakes, and several stake all or nearly all of their tokens.

But the past quarter added a caveat. The biggest new altcoin fund of 2026, Grayscale’s Zcash ETF, doesn’t stake at all; it drew about $300 million of net inflows in its first month on the back of a privacy-coin rally. And staking hasn’t kept US Ether ETFs from posting heavy outflows in October. Yield makes a fund competitive with holding the coin. It doesn’t create demand on its own.

Bitcoin cannot copy this. It has no staking mechanism. In a market where the Federal Reserve raised rates to a 3.75% to 4.00% range in September, its first increase since 2023, and investors compare everything to Treasury yields, that asymmetry is not a small detail. It is arguably the most important structural change in crypto products this cycle.

What is probably next

Reading the pipeline, the pattern is clear. Issuers worked outward from the majors into large-cap altcoins, then into thematic tokens, and now they are filling in around the edges with cheaper rivals, trust conversions, income products and leveraged versions.

The gatekeeper is a rule most investors never read. Since September 17, 2025, the SEC’s generic listing standards have let exchanges list a crypto fund without a separate rule change if its token trades on a market in the Intermarket Surveillance Group, underlies futures that have traded on a CFTC-regulated exchange for at least six months, or already makes up at least 40% of an existing ETF’s holdings. In July the SEC approved amendments that let these funds hold up to 15% of their assets in tokens that don’t meet the test and opened the door to actively managed crypto funds.

That makes CME’s futures list the best leading indicator. CME added futures on Cardano, Chainlink, Stellar, Avalanche and Sui earlier in 2026 and launched Bitcoin Cash and Uniswap contracts on October 19, which puts both tokens on the six-month clock. Bitwise has already filed for a Uniswap ETF, and filings for Worldcoin, Bittensor, Injective, SEI and PEPE funds are also pending.

The bottleneck is not appetite; it is the regulatory framework, which brings us to the elephant.

The catch: the rules are still not written

Every ETF above operates without comprehensive US crypto legislation. The CLARITY Act, which would formally divide oversight between the SEC and CFTC, passed the House in July 2025 and cleared the Senate Banking Committee in May 2026. Then it stalled. On September 15 a Senate procedural vote to take up the bill failed 49 to 50, and the Senate left for its election recess in early October without another try. The only window left this year is a lame-duck session after the November 3 midterms. If the bill isn’t enacted before the new Congress convenes on January 3, 2027, it dies and has to start over.

The SEC has filled part of the gap on its own. The generic listing standards turned approvals into a checklist for tokens that qualify, and the March guidance named 16 tokens, including Bitcoin, Ether, Solana and XRP, as digital commodities. But agency rules and interpretations can be rewritten by a future commission, which is why issuers still want a law. Until one passes, the queue moves token by token, and it could accelerate sharply if the bill ever clears. Our CLARITY Act explainer covers what the bill would change.

What this actually means for investors

Three practical takeaways.

ETFs are not a bullish signal by themselves. Bitcoin has the largest, most successful crypto ETFs in existence and trades roughly 40% below its October 2025 record of about $126,000. Many altcoin funds opened to fanfare and barely grew: Litecoin’s only ETF holds about $14 million a year after launch, and the three Dogecoin funds hold about $24 million combined. A wrapper creates access, not demand.

Yield is now standard, so check the net number. If you are choosing between crypto products, staking is still the first question to ask, but the answer is no longer a simple yes or no. Funds that disclose it stake anywhere from about 60% to 100% of their tokens and keep different cuts of the rewards. Grayscale’s two Ether funds show the gap: on October 22 its original Ethereum Staking ETF showed a 2.64% gross staking rate but 2.02% net, while its Mini ETF netted 2.43% from almost the same gross rate.

Fees, structure and survival vary more than people check. Standard sponsor fees run from 0.14% at Morgan Stanley’s Solana and Ether trusts to 2.50% at Grayscale’s Zcash ETF and its original Ether fund, and some products, such as 1940 Act funds, hold other ETPs instead of just the coin. Funds can also close: Bitwise’s Dogecoin ETF and CoinShares’ altcoin basket both shut in October and paid holders in cash. Read the prospectus, especially on staking treatment, custody, and how the fund handles unusual events like forks.

Bottom line

The altcoin ETF wave is real, and it is far wider than it was in July: more than a dozen altcoins now have US funds, staking is standard on new launches, and Grayscale’s Zcash ETF showed how fast a niche fund can grow when a narrative hits. It has also had casualties, with two funds closing in October and Grayscale pulling three filings.

The constraint is still regulatory: the generic listing standards decide which tokens get in, and the CLARITY Act, which would lock the framework into law, is stuck until at least the lame-duck session. Watch CME’s futures list, watch which products offer staking at a fair net yield, and remember that an ETF listing creates access, not automatic demand. The funds keep arriving. Whether the money follows is a different question.

Blockchainreporter’s take: early November shows the limits of the wave. Spot XRP funds now hold about $1.41 billion, slightly more than the Solana funds’ $1.33 billion, yet both have seen flat or negative flows since mid-October, and US Bitcoin and Ether ETFs lost about $1.14 billion between them from November 2 to 5. Access keeps widening while net demand has turned flat or negative, so whether inflows return matters more than the next listing.

Data sources: issuer fund pages and SEC filings (funds, fees, staking and net assets); SoSoValue and Farside Investors data as reported by The Block, ChainCatcher, PANews and Cointelegraph (ETF flows and totals); SEC, CFTC, US Senate and Federal Reserve releases (rules, votes and rates); CME Group (futures launches); CoinMarketCap and CoinGecko (prices), as of October 24, 2026; SoSoValue (US Bitcoin, Ether, Solana and XRP ETF totals and flows) and Grayscale (Zcash ETF assets), as of November 5, 2026.

This is not investment advice. Cryptocurrency is highly volatile, and ETF products carry their own fee, structure, and custody considerations. Always read the prospectus and do your own research.

Frequently Asked Questions

What altcoin ETFs are available in the US?
Besides Bitcoin and Ether, US investors can buy ETFs tied to Solana, XRP, Zcash, Hyperliquid, Chainlink, Sui, BNB, NEAR, Hedera, Avalanche, Tron, Dogecoin, Litecoin, Polkadot and Canton as of October 2026. Most are spot funds that hold the coin directly, and many of the newer ones stake it. Index funds such as Bitwise’s BITW and Hashdex’s NCIQ add small slices of Cardano and Stellar.

Which altcoin ETF has the most assets?
Bitwise’s Solana Staking ETF (BSOL) is the largest single altcoin ETF in the US, with about $926 million in net assets on November 5, 2026, according to SoSoValue. By coin, the five spot XRP funds held about $1.41 billion and US spot Solana ETFs about $1.33 billion. Grayscale’s Zcash ETF is the largest fund for any other altcoin, at about $735 million.

Which altcoin ETFs pay staking rewards?
Staking is standard on newer launches. US funds for Solana, Sui, Avalanche, Hyperliquid, BNB, Tron, NEAR and Polkadot stake some or all of their tokens, and BlackRock and Grayscale run staked Ether funds. Funds keep part of the rewards as a fee, so the net yield to shareholders is lower than the network’s gross rate. Zcash, Dogecoin and Litecoin funds don’t stake.

Is there a Worldcoin ETF?
Not yet. Grayscale filed an S-1 on July 20, 2026 for the Grayscale Worldcoin ETF, proposed for Nasdaq under the ticker GWLD, but it had not launched as of late October 2026. The filing says the shares will list under Nasdaq’s generic rules only once WLD meets the eligibility requirements, which it did not meet when Grayscale filed.

What are the SEC’s generic listing standards for crypto ETFs?
Approved on September 17, 2025, they let Nasdaq, NYSE Arca and Cboe list a crypto fund without a separate SEC rule change if its token trades on a market in the Intermarket Surveillance Group, has futures that have traded on a CFTC-regulated exchange for at least six months, or already makes up at least 40% of an existing ETF’s holdings.

Did the CLARITY Act pass?
No. The House passed the CLARITY Act in July 2025 and the Senate Banking Committee advanced it in May 2026, but a Senate procedural vote failed 49 to 50 on September 15, 2026. The Senate then left for its election recess. The remaining path is a lame-duck vote after the November midterms; otherwise the bill expires with this Congress in January 2027.

Can a crypto ETF shut down?
Yes. Bitwise liquidated its Dogecoin ETF (BWOW) less than a year after launch: the last trading day was October 14, 2026, and shareholders received cash on October 22. CoinShares closed its Altcoins ETF (DIME) after a final trading day on October 20. When a fund liquidates, it sells its holdings and pays shareholders the cash value, which can be a taxable event.

When were spot Solana ETFs approved in the US?
There was no single approval date. The SEC approved generic listing standards on September 17, 2025, which let exchanges list qualifying crypto funds without a fund-by-fund rule change. Bitwise’s BSOL, the first US fund with full direct SOL exposure, began trading on October 28, 2025, and Grayscale’s GSOL followed a day later. REX-Osprey’s SSK, a 1940 Act fund, had launched in July 2025.

Is there a Litecoin ETF?
Yes. The Canary Litecoin ETF (LTCC), the first US spot Litecoin ETF, began trading on Nasdaq on October 28, 2025, and remained the only one as of late October 2026. Grayscale filed an amended registration statement on September 11, 2026 to list its Litecoin Trust (LTCN) on NYSE Arca as an ETF, but the trust was still quoted over the counter, and that filing had not taken effect.

When did the first US spot XRP ETF launch?
Canary’s XRP ETF (XRPC) began trading on Nasdaq on November 13, 2025, as the first US spot XRP fund structured as a grantor trust. REX-Osprey’s XRPR, a 1940 Act fund that holds XRP directly and through other products, had opened earlier, on September 18, 2025. Bitwise, Franklin Templeton, Grayscale and 21Shares followed with their own spot XRP funds between November 20 and December 11, 2025.