The cryptocurrency investment market is experiencing a surge in interest for alternative coin exchange-traded funds (ETFs), fueled by recent filings from leading issuers like 21Shares and Bitwise. The filing of an S-1 registration with the U.S. Securities and Exchange Commission (SEC) by 21Shares marks a significant step toward launching the HYPE ETF, designed to track a basket of trending altcoins. Similarly, Bitwise’s Solana Staking ETF has seen impressive trading volume, reaching $72 million on its second day of operation. This rapid adoption points towards growing institutional interest in diversifying holdings beyond traditional Bitcoin and Ethereum-focused funds.