Major players like Grayscale and Bitwise are showing interest in new cryptocurrency-based index funds, including Solana (SOL), Ripple (XRP), and Hedera (HBAR). 📉

- SOL is attracting attention due to its scalability and low fees.

- XRP has gained clarity on its legal status, inspiring Bitwise to apply for a spot ETF.

- HBAR is also in the spotlight with an application from Canary Capital.

Other cryptocurrencies like Cardano (ADA) and Avalanche (AVAX) are expected to be next in line.