The U.S. exchange-traded fund (ETF) market may soon see an expansion far beyond Bitcoin and Ethereum. In recent filings, 21Shares submitted proposals for active crypto ETFs and 2x leveraged products for Dogecoin and Sui.
Active ETFs will provide managers with greater flexibility in adjusting holdings, a structure that may attract institutions seeking dynamic exposure to digital assets rather than passive tracking of a single token.
Meanwhile, the proposed leveraged DOGE and SUI funds reflect the growing demand for speculative, high-beta tools within a regulatory framework.
If approved, these products would allow traders to profit from short-term movements in the underlying tokens, although they also carry greater risks.
Strong momentum for XRP ETF filings
The latest developments come from several asset management firms, including Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree, all of which have revised their proposed spot XRP ETF.
The updates submitted on Friday aim to address feedback from the U.S. Securities and Exchange Commission (SEC) and demonstrate the issuer's willingness to comply with regulatory expectations.
XRP has long been at the center of legal and regulatory debates, making these ETF applications a critical moment for the token's future adoption on Wall Street.
Approval would provide institutional investors with a direct, regulated way to gain exposure to XRP, potentially reshaping the liquidity and market dynamics of one of the largest cryptocurrencies globally.
Grayscale targets Avalanche listing on Nasdaq
Additionally, Grayscale Investments submitted an S-1 registration statement to the SEC to launch the Grayscale Avalanche Trust (AVAX).
The trust is intended to track the price of Avalanche, with Coinbase Custody serving as the custodian and Coinbase, Inc. acting as the lead broker.
This marks Grayscale's continued efforts to expand its suite of crypto products beyond Bitcoin and Ethereum. If approved, the AVAX trust would become one of the first investment vehicles listed in the U.S. to provide exposure to layer 1 blockchain tokens beyond the two major digital assets, indicating a deeper integration of altcoins with mainstream finance.
The October deadline could be crucial
Regulators are expected to make decisions on several pending applications in October, including products related to Trump Media and Solana (SOL).
With the advances of multiple issuers and a continual stream of amendments, next month could become a turning point in the crypto ETF landscape.
The potential approval of active strategies, leveraged products, and altcoin ETFs indicates that the industry is preparing for a new wave of investor demand. If the SEC continues to push forward, October could mark the beginning of the next crypto ETF surge.
