Which Cryptocurrencies Have ETFs? The U.S. Crypto ETF Landscape Explained

Updated: September 2026. For years, the U.S. crypto ETF market was largely a Bitcoin-and-Ethereum story. That is no longer the case.

U.S. investors can now access exchange-traded products connected to a much wider range of crypto assets, including Solana, XRP, Dogecoin, Chainlink, Avalanche, Litecoin, Polkadot, Hedera, Sui, BNB, Hyperliquid and Zcash. Other cryptocurrencies appear through futures ETFs, multi-asset funds, existing trusts or eligible-asset lists rather than through a standalone product that directly holds the underlying token.

That distinction matters. Saying that a cryptocurrency "has an ETF" can describe several very different structures. A product might directly hold the crypto asset, use futures or derivatives, hold several cryptocurrencies in one portfolio, or simply be permitted to invest in an asset without necessarily holding it today.

So, which cryptocurrencies have ETFs in the United States? The answer depends on what kind of exchange-traded exposure you mean.

Key Findings

• Bitcoin and Ethereum are no longer the only major crypto assets represented by U.S. exchange-traded products that directly hold the underlying asset.
• Direct-holding U.S. exchange-traded products now exist for a broader group that includes assets such as SOL, XRP, AVAX, LTC, DOT, DOGE, HBAR, LINK, SUI, HYPE, BNB and ZEC.
• Cardano and Stellar have U.S. ETF exposure through futures-based products, which is different from an ETF or ETP directly holding ADA or XLM.
• Bitcoin Cash has an existing crypto-holding trust, while its exchange-listing and ETF-conversion status must be distinguished from an already operating direct-holding ETF.
• Shiba Inu appears on a current eligible-assets list for an active crypto ETF, but eligibility alone does not mean that a standalone spot SHIB ETF is trading.
• As of September 9, 2026, T. Rowe Price Active Crypto ETF identified 18 cryptocurrencies as Eligible Assets: BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE, HBAR, BCH, LINK, XLM, SHIB, SUI, HYPE, BNB and ZEC.
• ETF, ETP, commodity-based trust, futures ETF and multi-asset fund are not interchangeable terms, even though they are often grouped together in everyday discussion.

Which Cryptocurrencies Have ETFs?

The simplest answer is that the U.S. market now offers exchange-traded exposure to far more cryptocurrencies than Bitcoin and Ethereum. But a useful answer requires separating products that directly hold crypto from products that obtain exposure through futures, derivatives, multi-asset portfolios or other structures.

The table below summarizes the landscape as of September 2026. "Direct-holding product" means that an exchange-traded product holds the underlying crypto asset itself. It does not mean that every product has the same legal structure as a traditional investment-company ETF.

What Does “Crypto ETF” Actually Mean?

"Crypto ETF" is convenient shorthand, but it can hide important structural differences.

A traditional ETF registered under the Investment Company Act of 1940 is not necessarily the same legal structure as a commodity-based trust whose shares trade on a national securities exchange. Crypto products can also use futures contracts, swaps or other derivatives instead of holding the underlying cryptocurrency.

For that reason, this article uses exchange-traded product, or ETP, as the broader term when discussing the entire market. "ETF" is used when it is part of a product's name, legal structure, or the common search terminology investors use.

Direct-Holding Crypto Products

A direct-holding crypto product owns the underlying digital asset. If the product is designed to track SOL, for example, the trust or fund actually holds SOL rather than obtaining all of its exposure from a futures contract.

This is the category most people mean when they use the phrase "spot crypto ETF."

Futures-Based Crypto ETFs

A futures ETF can provide economic exposure to a cryptocurrency without owning that cryptocurrency directly. Instead, the fund holds futures contracts and collateral or uses other permitted instruments.

That difference can matter because futures prices can diverge from spot prices, contracts may need to be rolled, and leveraged products may target only a multiple of a cryptocurrency's daily performance rather than its long-term return.

Multi-Asset Crypto Funds

A multi-asset product holds or tracks several cryptocurrencies in one portfolio. Being included in such a fund does not mean that the asset also has a standalone ETF of its own.

Composition can also change. A cryptocurrency that appears in an index or fund at one date may later be removed or reweighted, so any list of crypto ETF holdings needs a date attached to it.

Bitcoin and Ethereum Started the U.S. Spot Crypto ETP Market

Bitcoin remains the clearest example of direct crypto exposure through U.S.-listed exchange-traded products. These products hold BTC on behalf of their shareholders, allowing investors to gain price exposure through brokerage accounts without personally managing Bitcoin private keys.

Ether products extended that model to Ethereum. The market has since developed further, including products and structures that incorporate staking-related economics in addition to simply holding ETH.

The existence of an exchange-traded wrapper does not change how the underlying network itself works. Investors who want to understand the difference between owning an ETF share and controlling crypto directly should also understand how crypto wallets and private keys work.

Altcoins With Direct-Holding U.S. Exchange-Traded Products

The most significant change in the market is that direct-holding exchange-traded crypto exposure has expanded beyond BTC and ETH.

Solana (SOL)

Solana has direct-holding U.S. exchange-traded exposure. For example, SEC filings for Grayscale Solana Staking ETF describe a product holding SOL, with staking also forming part of the product structure.

XRP

XRP has also moved into the direct-holding exchange-traded market. Grayscale XRP Trust ETF filings identify GXRP as an NYSE Arca-listed product holding XRP.

Avalanche (AVAX)

Avalanche is represented by direct-holding products as well. Bitwise Avalanche ETF filings describe BAVA as holding AVAX, with staking forming part of its broader investment framework.

Litecoin (LTC)

Litecoin has direct-holding U.S. exchange-traded exposure through products including Canary Litecoin ETF. Its SEC reporting shows LTCC holding LTC directly.

Polkadot (DOT)

Polkadot has entered the U.S. exchange-traded market through a staking-oriented structure. 21Shares Polkadot Staking ETF disclosures describe a Nasdaq-listed product that holds DOT and can participate in staking.

Dogecoin (DOGE)

Dogecoin is no longer represented only through speculative filings or derivative exposure. SEC filings for Grayscale Dogecoin Trust ETF show GDOG as an NYSE Arca-registered product holding DOGE.

Hedera (HBAR)

HBAR also has a direct-holding U.S. product. The Canary HBAR ETF prospectus describes HBR as holding HBAR rather than relying exclusively on derivatives.

Chainlink (LINK)

Chainlink has direct exchange-traded exposure through Grayscale Chainlink Trust ETF. SEC reporting for GLNK states that the product began trading on NYSE Arca in December 2025 and holds LINK.

Sui (SUI)

Sui is another example of how quickly the market expanded. An exchange certification filed with the SEC shows Canary Staked SUI ETF approved for exchange listing and registration in February 2026. The product combines direct SUI exposure with a staking-oriented structure.

Hyperliquid (HYPE)

HYPE has also reached the U.S. exchange-traded market through a staking product. 21Shares Hyperliquid Staking ETF reporting describes the Nasdaq-listed THYP product and its direct exposure to HYPE.

BNB

BNB is especially useful for showing why current filings matter. Earlier VanEck filings described a proposed product waiting to satisfy listing requirements. By May 2026, however, Nasdaq had certified VanEck BNB ETF for listing and registration. Subsequent reporting identifies the product as VBNB and shows that it holds BNB directly.

Zcash (ZEC)

Zcash joined the direct-holding group in 2026. The Zcash ETF's Form 8-A registers its shares for NYSE Arca, while the product's investment structure is based on holding ZEC.

Cardano and Stellar Show Why Futures ETFs Are Different

Cardano (ADA)

Cardano has U.S. ETF exposure, but investors should not automatically interpret that as direct ownership of ADA by the fund.

For example, SEC disclosures for a Cardano ETF structure state that the fund seeks exposure primarily through ADA futures and does not invest directly in ADA.

This is precisely why a headline saying simply "Cardano has an ETF" can be technically true while still leaving out the most important part of the product structure.

Stellar (XLM)

Stellar also has exchange-traded ETF exposure through futures-oriented products. SEC records identify a Stellar ETF series, while related product documentation shows how XLM exposure can be delivered through derivatives rather than direct token custody.

For both ADA and XLM, investors therefore need to check the prospectus rather than assuming that the word "ETF" means the fund holds the cryptocurrency itself.

What About Bitcoin Cash?

Bitcoin Cash illustrates another category: an existing crypto-holding trust that should not automatically be described as an already completed ETF conversion.

Grayscale Bitcoin Cash Trust's 2026 annual report states that the trust holds BCH and that, as of June 30, 2026, it did not operate a redemption program. Separate regulatory steps around listing or conversion need to be evaluated independently from the existence of the trust itself.

In other words, "there is a BCH investment trust" and "there is an operating spot BCH ETF with the same structure as a listed direct-holding ETP" are not interchangeable claims.

What About Shiba Inu?

Shiba Inu is one of the clearest examples of why ETF eligibility should not be confused with an independently trading spot product.

SHIB appears on the September 2026 Eligible Assets list for T. Rowe Price Active Crypto ETF. That means the sponsor considers SHIB eligible under the fund's applicable criteria. It does not by itself establish the existence of a standalone spot SHIB ETF.

What Are the 18 ETF-Eligible Crypto Assets?

A major source of confusion in 2026 is a list of 18 cryptocurrencies associated with T. Rowe Price Active Crypto ETF.

According to the fund's September 9, 2026 prospectus supplement, the sponsor considered the following assets Eligible Assets at that date:

• Bitcoin (BTC)
• Ether (ETH)
• Solana (SOL)
• XRP (XRP)
• Cardano (ADA)
• Avalanche (AVAX)
• Litecoin (LTC)
• Polkadot (DOT)
• Dogecoin (DOGE)
• Hedera (HBAR)
• Bitcoin Cash (BCH)
• Chainlink (LINK)
• Stellar lumen (XLM)
• Shiba Inu (SHIB)
• Sui (SUI)
• Hyperliquid (HYPE)
• BNB (BNB)
• Zcash (ZEC)

The filing also states that the fund may invest in other Eligible Assets not listed there, with shareholders informed of newly eligible assets through the fund's website.

This means the 18-asset list is a dated eligibility snapshot, not a permanent master list of every cryptocurrency the SEC has "approved for an ETF."

Does ETF Eligibility Mean SEC Approval?

No—not in the way the phrase is often used online.

In the T. Rowe Price fund, "Eligible Assets" are crypto assets the sponsor has determined satisfy the fund's applicable eligibility framework. That is different from saying that the SEC separately reviewed and approved a standalone spot ETF for every asset on the list.

A cryptocurrency can therefore be eligible for inclusion in a multi-asset fund while having no independently trading direct-holding ETF of its own.

The reverse can also become relevant as the market evolves: product status can change through new listings, conversions, registration effectiveness or changes to exchange listing standards. That is why current filings matter more than old ETF application headlines.

Why Did So Many Crypto ETPs Appear?

A major regulatory change arrived on September 17, 2025.

The SEC approved generic listing standards for Commodity-Based Trust Shares on Nasdaq, Cboe BZX and NYSE Arca. The standards cover qualifying exchange-traded products holding spot commodities, including digital assets.

Under the new framework, an exchange can list a qualifying product that satisfies the approved generic standards without first submitting a separate proposed rule change to the SEC under Section 19(b) for that individual product.

This is an important reason the post-Bitcoin-and-Ethereum market should not be understood simply as the SEC individually voting "yes" on one cryptocurrency after another. The listing framework itself changed.

Does a Crypto ETF Mean the Fund Owns Coins?

Sometimes, but not always.

A direct-holding Bitcoin, Solana or BNB product can hold the underlying cryptocurrency. A futures-based Cardano product can instead hold futures contracts and collateral without directly holding ADA.

This is one of the most important questions to ask before comparing crypto investment products:

What does the fund actually own?

The answer can be crypto assets, futures, swaps, cash, Treasury securities, shares of other investment products, or a combination of instruments depending on the fund.

Owning a Crypto ETF Is Not the Same as Owning Crypto

Even when an exchange-traded product directly holds Bitcoin, Ether or another cryptocurrency, the shareholder normally owns shares in the investment vehicle—not the private keys controlling a specific portion of the fund's on-chain assets.

That distinction changes what the investor can do. Direct crypto can potentially be transferred to a self-custody wallet, used on-chain, staked directly where applicable or interacted with through decentralized applications. An ETF or ETP share is a security held through the traditional brokerage and securities-market infrastructure.

The two structures can provide exposure to similar price movements while representing very different forms of ownership and control.

Can the Crypto ETF List Change?

Yes. It should be expected to change.

New products can launch, existing trusts can seek exchange listings or conversions, futures markets can develop, eligible-asset criteria can change, and multi-asset indexes can add or remove cryptocurrencies.

That is why this article separates product structure from eligibility and includes an update date rather than presenting the market as a permanent list.

How to Check Whether a Crypto Really Has an ETF

When a headline claims that a cryptocurrency "has an ETF," four questions usually reveal what that actually means:

1. Is the product actually trading? A registration statement or application is not the same thing as a launched product.
2. Does it hold the cryptocurrency directly? If not, exposure may come from futures, swaps or other instruments.
3. Is it standalone or multi-asset? Inclusion in a crypto index fund does not automatically create a standalone ETF for that coin.
4. What is the product's legal structure? ETF, commodity-based trust and other ETP structures can have different regulatory frameworks.

The product prospectus, exchange registration and current SEC filings are more reliable sources for those questions than a headline announcing an ETF "filing."

Frequently Asked Questions

Which cryptocurrencies have spot ETFs?

If "spot ETF" is being used broadly to mean a U.S.-listed exchange-traded product that directly holds the underlying cryptocurrency, the market extends well beyond Bitcoin and Ether. As of September 2026, direct-holding products exist for multiple additional assets including SOL, XRP, AVAX, LTC, DOT, DOGE, HBAR, LINK, SUI, HYPE, BNB and ZEC. However, the exact legal structure varies by product, so "direct-holding ETP" is often the more precise description.

Does Solana have an ETF?

Yes. U.S.-listed exchange-traded products directly holding SOL exist, including staking-oriented structures.

Does XRP have an ETF?

Yes. Direct-holding XRP exchange-traded exposure is available in the United States, including GXRP.

Does Dogecoin have an ETF?

Yes. DOGE has direct-holding U.S. exchange-traded exposure, including GDOG.

Does Cardano have an ETF?

Cardano has U.S. futures-based ETF exposure. The products discussed in this article should not be confused with a fund directly holding ADA, because their disclosed strategy obtains exposure primarily through ADA futures and related instruments.

Does Shiba Inu have an ETF?

SHIB is an Eligible Asset for T. Rowe Price Active Crypto ETF as of September 9, 2026, but that status alone does not mean there is a standalone direct-holding spot SHIB ETF trading in the United States.

What does “ETF-eligible crypto” mean?

It depends on the document using the term. In the T. Rowe Price Active Crypto ETF disclosures discussed here, an Eligible Asset is a crypto asset that the sponsor determined met the fund's applicable eligibility criteria. It should not be interpreted as a universal SEC list of cryptocurrencies with approved standalone spot ETFs.

Are crypto ETFs the same as owning crypto?

No. An investor in an ETF or ETP generally owns shares of the investment vehicle. Direct crypto ownership involves control through the relevant blockchain's key and wallet system. Even when a fund directly holds cryptocurrency, its shareholders generally do not control the private keys to those underlying assets.

The Bottom Line

The U.S. crypto exchange-traded market is no longer limited to Bitcoin and Ethereum.

By September 2026, a substantial group of altcoins had direct-holding exchange-traded products, while others were accessible through futures ETFs, trusts, multi-asset portfolios or active-fund eligibility frameworks.

The most useful question is therefore no longer simply “Does this cryptocurrency have an ETF?”

A better question is:

“What kind of exchange-traded product exists, and what does it actually hold?”

That distinction separates a direct crypto-holding product from a futures ETF, a multi-asset fund, an existing trust, an ETF filing or an asset that is merely eligible for inclusion.

Primary Sources and Further Reading

This article was researched primarily from U.S. Securities and Exchange Commission filings, exchange-listing records, prospectuses and periodic reports. Primary documents are linked directly at the relevant claims above, including product filings for Solana, XRP, Avalanche, Litecoin, Polkadot, Dogecoin, Hedera, Chainlink, Sui, Hyperliquid, BNB, Zcash, Cardano, Stellar and Bitcoin Cash, as well as the SEC's generic listing standards announcement and T. Rowe Price Active Crypto ETF's September 2026 Eligible Assets disclosure.

Editorial Note

Crypto ETF and ETP markets can change quickly. Product launches, exchange listings, registration effectiveness, index composition, staking policies and eligible-asset lists may change after publication. The Crypto Public distinguishes, where relevant, between products that directly hold cryptocurrency, futures or derivative-based ETFs, multi-asset exposure, existing trusts, proposed products and asset eligibility. This article is for educational and informational purposes and does not constitute investment advice.