In the global cryptocurrency market, XRP, Solana (SOL) and Litecoin $126.9 A number of exchange-traded fund (ETF) applications for digital assets such as (LTC) have gained significant momentum with the upcoming presidential inauguration of Donald Trump and the departure of SEC Chairman Gary Gensler. Well-known ETF expert Nate Geraci noted that many asset managers are submitting applications for various crypto-backed exchange-traded products.
New ETF Application Details
In the last 48 hours, institutions such as ProShares, VanEck, Canary have applied for digital asset-backed ETFs. According to Geraci’s statement, products such as ProShares Leveraged & Inverse XRP ETF, ProShares XRP Futures ETF, ProShares Solana Futures ETF and Canary Litecoin ETF came to the fore. Other applications were also made, such as VanEck Onchain Economy ETF, Oasis Capital Digital Asset Debt Strategy ETF and CoinShares Digital Asset ETF.
The expiration of SEC Chairman Gary Gensler’s term has changed market sentiments regarding regulatory uncertainties in the crypto space. Ripple 
$3.1 CLO Stuart Alderoty stated that there is a positive atmosphere for the crypto market after Gensler’s resignation.
Market Reflections of ETF Applications
With the appointment of new SEC Chairman Paul Atkins under the Trump administration, crypto market participants remain optimistic about ETF approvals. JPMorgan analysts predict that SOL and XRP-backed products will generate approximately $15 billion in cash flow over the next year.
“There is an optimistic atmosphere in the crypto industry,” said Nate Geraci, who expects the approval of the XRP and Solana ETFs this year.
Cryptocurrency Performances
Donald Trump’s coming to office soon is considered as additional positive news for cryptocurrencies such as XRP, SOL and LTC.
The applications and market reactions are seen as an important step in the process of crypto assets being accepted as financial products.
In line with these developments, cryptocurrency investors and analysts are closely following how the upcoming changes will be reflected in the market.
Sweeping regulatory changes and approval of new ETFs could support long-term growth potential in the cryptocurrency market.
In short, the increasing interest in financial products related to crypto assets paves the way for new opportunities in the sector.
Market participants think these developments could expand the acceptance and use of cryptocurrencies.
Investors shape their strategies by taking into account possible risks as well as returns.
This activity in the crypto market may point to more institutional investments coming in the future.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
