FameEX Hot Topics | The U.S. Crypto ETF Boom Begins Now

The U.S. cryptocurrency ETF market has entered a new phase as VanEck launched the nation’s third Solana staking ETF on Monday, just weeks after similar products from Bitwise and Grayscale debuted to strong demand. Trading under the ticker VSOL, the fund has already seen intense interest, mirroring the combined $380+ million inflows recorded by the two earlier Solana ETFs since late October. The rapid succession of launches signals that the long-awaited altcoin ETF wave is now in full swing.

VSOL offers direct exposure to Solana along with staking rewards—earned by locking tokens on the network—without investors having to manage private keys or wallets. In a fiercely competitive move, VanEck has temporarily waived its 0.30% fee until February 17, 2026, or until the fund hits $1 billion in assets. The surge in crypto ETF filings and approvals stems from a pivotal SEC policy shift in September that eliminated case-by-case reviews, allowing issuers to bring products to market far more quickly than in previous years.

Competition is about to intensify further. Bloomberg senior ETF analyst Eric Balchunas reported that Fidelity’s Solana ETF (FSOL) is slated to begin trading Tuesday, instantly becoming the largest asset manager in the category given BlackRock’s continued absence from single-altcoin funds. Looking ahead, Balchunas expects Grayscale’s Dogecoin ETF to launch as early as November 24 after the firm’s amended 19b-4 filing triggered a 20-day quiet period during which the SEC can raise objections but has so far remained silent.

A successful Grayscale launch would mark the first U.S. ETF capable of directly holding Dogecoin itself, unlike the existing REX-Osprey DOGE ETF, which operates under restrictive 1940 Act rules and holds the coin only through an offshore subsidiary. Bitwise is also positioned for a potential late-November debut of its own spot Dogecoin ETF after amending its filing on November 6. With Solana, Dogecoin, and other altcoin products arriving in rapid succession, the once-cautious U.S. regulatory environment has unmistakably opened the gates to a broad crypto ETF revolution.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.