Solana, Ripple, Litecoin ETFs May Be On The Table Under Trump Administration, Industry Experts Say
The cryptocurrency industry is bracing for a potential surge in exchange-traded funds (ETFs) after Donald Trump‘s election win, signaling what experts believe could be a transformative era for digital assets in the U.S.
What Happened: Market participants are hopeful that a pro-crypto Trump administration will end regulatory gridlock and usher in broader approval for innovative crypto-based financial products, according to a Financial Times report.
The Securities and Exchange Commission’s (SEC) recent approval of spot Bitcoin and Ethereum ETFs marked a significant milestone after years of regulatory pushback.
However, filings for ETFs tied to other digital assets like Solana (CRYPTO: SOL), Ripple (CRYPTO: XRP) and Litecoin (CRYPTO: LTC) have yet to make headway.
Comparatively, Europe has been more accepting, offering exchange-traded products tied to about 30 cryptocurrencies, according to ETFbook data.
Industry leaders are hopeful that Trump’s administration will replace SEC Chair Gary Gensler, whose tenure has been marked by strict enforcement actions against the crypto industry.
Trump has pledged to position the U.S. as a “bitcoin superpower,” fueling optimism for more supportive policies.
“This election was a massive win for crypto,” said Matt Hougan, Chief Investment Officer of Bitwise Asset Management, which …
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