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New opportunities are on the horizon! ETF applications for XRP, Solana, and other cryptocurrencies 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
In the global Cryptocurrency market, 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 imminent 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, ProShares' leveraged and inverse XRP ETFs, ProShares XRP Futures ETF, ProShares Solana Futures ETF, and Canary Litecoin ETF stood out. In addition, other applications were submitted, such as VanEck's On-Chain Economy ETF, Oasis Capital's Digital Asset Debt Strategy ETF, and CoinShares Digital Asset ETF.