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New opportunities are on the horizon! XRP, Solana, and other Crypto Assets ETF applications are on the rise
Many institutions are applying for support for encryption ETFs.
Gary Gensler's departure has had a positive impact on the market.
The prices of XRP and Solana have undergone significant changes.
A series of exchange-traded fund (ETF) applications for digital assets such as XRP, Solana (SOL), and Litecoin $125.6 (LTC) have been significantly driven by the impending inauguration of Donald Trump and the departure of SEC Chairman Gary Gensler. Nate Geraci, a well-known ETF expert, stated that many asset managers have submitted applications for exchange-traded products supporting various cryptocurrencies.
New ETF Application Details
In the past 48 hours, institutions such as ProShares, VanEck, and Canary have applied for ETFs supporting digital assets. According to Geraci's statement, products such as ProShares leveraged and inverse XRP ETFs, ProShares XRP Futures ETF, ProShares Solana Futures ETF, and Canary Litecoin ETF have emerged. In addition, other applications have been submitted, such as VanEck's On-chain Economy ETF, Oasis Capital Digital Asset Debt Strategy ETF, and CoinShares Digital Asset ETF.