While Bitcoin and altcoins have seen a huge surge following Trump’s presidential win, more moderate cryptocurrency regulation is expected under the Trump administration.
At this point, ETF Store CEO Nate Geraci stated that he expects several spot cryptocurrency ETF applications this week.
While the SEC has approved multiple spot Bitcoin and Ethereum ETFs, there have also been many rejected ETF applications. As Trump’s re-election has raised hopes that ETFs will be approved, Geraci said multiple crypto spot ETF applications could be coming this week for XRP, Solana (SOL), Cardano (ADA), and more altcoins.
Geraci said many issuers are waiting for the U.S. election results and have largely prepared for them, adding that he believes there will be no problem in getting more ETFs approved while Trump is in power.
“Just guessing…
Several spot crypto ETF applications are due this week.
XRP, SOL, ADA etc.
I would guess that multiple issuers are extremely prepared for the election results.
There's nothing wrong with being aggressive now.”
While there are already ETF applications for Solana and XRP before the SEC, experts believe that with Trump’s election, SOL and other altcoin ETFs have a better chance of approval.
Prediction…
There will be several spot crypto ETF filings this week.
XRP, SOL, ADA, etc.
Assume multiple issuers were highly prepared for election results.
No downside to getting aggressive now.
— Nate Geraci (@NateGeraci) November 11, 2024
*This is not investment advice.
