Which Cryptocurrency ETF Will Be Approved First: XRP, ADA, DOGE, or HBAR?

• The crypto community has reignited discussions about spot ETFs.
• Analysts expect more ETF filings as soon as this week.
• Gary Gensler played a significant role in approving the existing ETF products.

Since Donald Trump’s presidential election win, the cryptocurrency industry has seen a surge of optimism. While regulatory policies remain unchanged for now, community members are expressing confidence in a more supportive environment for future developments.

Exchange-Traded Funds (ETFs) are once again a major topic of discussion as users anticipate less restrictive policies under the incoming administration. Conversations about potential spot ETFs for XRP, ADA, DOGE, and HBAR have picked up, with analysts predicting new ETF filings in the U.S. this week.

It is easy to direct the increased positivity in the crypto industry to Gary Gensler’s expected resignation as the SEC chair soon. Trump has pledged to remove Gensler on his first day in office. However, Gensler, often criticized by the crypto industry, has also been instrumental in approving several ETF products, including January’s Bitcoin ETF and May’s spot Ethereum ETF.

Gensler was the deciding vote in the January Bitcoin ETF approval and also played a significant role in bringing spot Ethereum ETFs to life in May. The SEC chair might not be such an opposition after all, and there is no ruling out the possibility of him approving more ETFs or preparing them for approval before leaving office.

New ETF Predictions for XRP, ADA, DOGE, and HBAR

Meanwhile, Nate Geraci, co-founder of The ETF Institute, predicts that ETF issuers will submit proposals for XRP and ADA this week. According to the ETF analyst, “there is no downside to getting aggressive for ETF issuers.”

Read also: XRP ETFs: Canary Capital and Bitwise Apply for SEC Approval

In the meantime, Bloomberg’s ETF analyst Eric Balchunas expects to see a filing for a spot DOGE ETF soon. He thinks the SEC’s Bitcoin ETF approval earlier this year opened the way for more products after several years of holding back. However, Bitwise Senior Investment Strategist Juan Leon thinks a Dogecoin ETF approval would be difficult to achieve, considering the crypto asset’s shortfall in meeting the SEC’s laid down requirements.

Meanwhile, Canary Capital Group has filed an ETF application for HBAR Coin. According to reports, the filing could serve as a catalyst and trigger more ETF applications from various crypto projects, with most riding on the momentum Trump’s election victory has injected into the crypto market.