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New opportunities are on the way! XRP, Solana, and other cryptocurrency ETF applications are increasing
Many institutions have applied to support encryption ETF.
Gary Gensler's departure has had a positive impact on the market.
There has been a significant change in the price of XRP and Solana.
A series of exchange-traded fund (ETF) applications for a range of digital assets such as XRP, Solana (SOL), and Litecoin $125.6 (LTC) in the global Cryptocurrency market have been significantly driven by the impending inauguration of Donald Trump and the resignation of SEC Chairman Gary Gensler. Renowned ETF expert Nate Geraci stated that many asset managers have already submitted applications for various Cryptocurrency-supported exchange-traded products.
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 stood out. In addition, other applications have been submitted, such as the VanEck On-Chain Economic ETF, Oasis Capital Digital Asset Debt Strategy ETF, and CoinShares Digital Asset ETF.