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The long-delayed wave of altcoin exchange-traded funds may finally be arriving, signaling a potentially transformative moment for the broader crypto market. After months of speculation, shifting timelines, and regulatory bottlenecks, multiple sources now indicate that spot XRP and Dogecoin (DOGE) ETFs could begin trading within the next three days.
The momentum appears to be accelerating rapidly. Market analysts, fund managers, and data providers are issuing converging signals that approvals are imminent — and that issuers have already begun preparing internal systems for launch. While previous predictions fizzled due to government shutdowns and procedural delays, this time the infrastructure appears ready, and the cues from institutional players are far stronger.
If these ETFs go live as expected, they would mark the largest expansion of U.S. crypto ETF offerings since Bitcoin and Ethereum funds debuted, opening the door for a new class of altcoin-based investment products and potentially resetting flows across the entire market.
A Sudden Shift: Why Analysts Believe Trading Could Begin This Week
For several weeks, analysts maintained a cautious stance, pointing to the SEC’s backlog and the lingering effects of the federal shutdown. But that tone changed dramatically when analysts noticed that ETF description pages for the upcoming XRP fund suddenly appeared on internal financial terminals — a reliable early sign that trading is about to begin.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Looks like <a href="https://twitter.com/BitwiseInvest?ref_src=twsrc%5Etfw">@BitwiseInvest</a> is going to launch their XRP ETF tomorrow. The description page on the Bloomberg terminal is up. Ticker will be <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> (elite ticker) <a href="https://t.co/htpYBQ7q6R">pic.twitter.com/htpYBQ7q6R</a></p>&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1991204430222401903?ref_src=twsrc%5Etfw">November 19, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The emerging data strongly suggests that Bitwise is preparing to list its Bitwise XRP ETF, with the ticker symbol “XRP.” According to market analysts, that listing could happen as soon as Thursday. Meanwhile, multiple funds associated with Grayscale and Franklin Templeton — including both XRP and DOGE products — appear to be lining up for authorization early next week.
This rapid alignment across multiple issuers typically only happens when regulators give clear, albeit informal, indications that approval is on track. Fund managers are not known for moving prematurely, especially when dealing with the SEC’s sensitive timelines.
If confirmed, this would represent one of the fastest back-to-back ETF rollouts in crypto history.
The Backstory: A Trickle of ETF Launches Has Turned Into a Surge
Over the last month, markets witnessed a slow but steady stream of ETF debuts centered around Solana and XRP. Bitwise, Fidelity, VanEck, and 21Shares all pushed new funds to market — but analysts stressed that these initial releases were likely just the start.
Suddenly, everything accelerated.
Issuers now appear prepared to deploy a broad range of altcoin ETFs, from high-liquidity large caps to more specialized baskets targeting specific sectors of the crypto ecosystem. The proposed DOGE ETF from Grayscale especially caught investor attention, given DOGE’s meme-driven but remarkably persistent market presence.

According to ETF-focused data providers, several issuers have been adjusting their internal reporting architecture — a technical step typically required before launch. That suggests the bottleneck is no longer regulatory confusion, but rather coordination on final listing logistics.
Consumer Demand Is Higher Than Expected — And Data Proves It
Early evidence indicates that investor appetite for altcoin ETFs may be significantly larger than even optimistic analysts expected.
One of the clearest datapoints came from the debut of the Canary Capital XRP ETF (XRPC). On its first day alone, the fund attracted over $58 million in net inflows, surpassing every ETF launch of 2025 — even beating the blockbuster debut of Bitwise’s Solana ETF, which recorded $57 million.
This shocked analysts, many of whom predicted barely $15–20 million for opening day flows.
The strong early inflows suggest that investors have been waiting for structured exposure to non-Bitcoin, non-Ethereum assets — but lacked convenient and regulated vehicles to participate.
The XRP and DOGE ETFs are poised to take advantage of this gap before other issuers flood the market with additional altcoin-based strategies.
Institutional Capital Is Already Positioned for Expansion
While retail enthusiasm is strong, institutional participation may ultimately prove more significant.
According to data from multiple providers, the 11 existing Bitcoin ETFs now manage over $130 billion in assets, with BlackRock's iShares Bitcoin Trust (IBIT) controlling more than half of that market. Ethereum ETFs, meanwhile, collectively oversee more than $18 billion.
This capital infrastructure — built over the past two years — serves as the foundation for rapid expansion into altcoins.
Institutional players have already built:compliance systems for crypto ETF exposurecustodial relationships with digital asset service providersautomated rebalancing tools tailored to crypto volatilityclient-facing reporting for digital asset performance
With those systems in place, adding new ETFs is far easier and less risky.
This is why analysts believe the upcoming wave of altcoin ETFs will not be a one-off event, but the opening of a multi-year cycle.
Regulatory Environment: Delays Are Finally Clearing
One of the biggest obstacles to ETF expansion was the U.S. government shutdown — the longest in history. During that period, SEC staff were unable to process applications or provide guidance, which paralyzed ETF movement.
But since the reopening of government offices, workflows have resumed, and analysts report that internal SEC communication appears more predictable.
Some experts believe the SEC’s adoption of generic listing standards in September was the turning point. These standards effectively reduced friction for future listings by standardizing how crypto ETFs are evaluated.
However, that momentum stalled during the shutdown. The recent acceleration in ETF-related activity suggests that the agency is now catching up quickly.
Embedded Market Sectors Already Reacting
Market participants are already adjusting their strategies in anticipation of altcoin ETFs. Options traders, market makers, and sector-specific funds have begun repositioning to align with potential inflow shocks.
XRP has seen elevated open interest on multiple derivatives exchanges, while DOGE trading volumes have increased sharply as speculative traders attempt to front-run ETF-driven demand.
Analysts caution that the first week of trading — assuming approval — could feature dramatic volatility, similar to the initial days of Bitcoin and Ethereum ETF launches.
Industry Voices: Why This ETF Wave Matters
Experts interviewed across various financial media outlets share a common view: this ETF cycle is different.
Sumit Roy, senior analyst at ETF.com, explained it succinctly:
“Once the government reopened, the pipeline unclogged fast. We are now entering the phase that analysts expected months ago — multiple altcoin ETFs hitting the market in quick succession.”
Roy emphasized that this trend is unlikely to slow anytime soon.
“We’re moving toward a future where virtually every major or mid-cap token could have ETF representation. This is the natural evolution after Bitcoin and Ethereum gained institutional legitimacy.”
If this prediction plays out, the market could see dozens of new ETFs over the next 12–18 months.
Can These ETFs Reshape Crypto Market Structure?
Many analysts believe the answer is yes — but the magnitude will depend on how investors behave.
Historically, ETFs have:
increased liquiditystabilized long-term price actionexpanded institutional accessaccelerated regulatory clarityboosted mainstream adoption
XRP, with its long-standing recognition and large user base, may benefit significantly from ETF exposure. DOGE, often seen as “the people’s meme coin,” presents a more unusual case — but its brand power and massive liquidity could make it appealing to ETF managers looking to target unconventional sectors.
Conclusion: A New Era for Altcoin ETFs Is Beginning
If the predictions hold true and XRP and DOGE ETFs begin trading within days, the crypto market may be on the verge of its next major evolution. Bitcoin and Ethereum ETFs opened the door, but altcoins could expand the hallway — inviting entirely new types of investors into the ecosystem.
With strong early flows, improved regulatory consistency, and institutional infrastructure ready for deployment, the stage is set for one of the most significant expansions in crypto ETF history.
The next few days could shape the trajectory of the market for years to come.