Altcoin and Meme Token ETFs See Growing Interest, Applications Surge Amidst Regulatory Scrutiny

A surge in applications for spot exchange-traded funds (ETFs) targeting alternative coins and meme tokens has emerged. According to BlockBeats, nine altcoins, including SOL, XRP, LTC, ADA, AVAX, APT, SUI, MOVE, and TRX, alongside four meme tokens: DOGE, TRUMP, BONK, and PENGU, have recently submitted requests for regulatory approval. Notably, SOL and XRP stand out, garnering substantial interest from a total of six and ten institutions respectively. Recent activity has included Canary Capital filing a request for a TRX spot ETF on April 19th.