Journalist
Posted:
- The growing interest in crypto ETFs includes potential signups for XRP, Solana, and Cardano.
- Regulatory changes related to the US elections could impact the approval of crypto ETFs.
After the unprecedented success of spot Bitcoin [BTC] ETFs, the cryptocurrency ETF market was poised for further expansion.
Will there be other crypto ETFs coming in?
Industry experts including Nate Geracipresident of The ETF Store, highlighted growing momentum for new signups. This indicated possible introductions of spot ETFs tied to popular assets such as Ripple’s XRP, Solana [SOL]and Cardano [ADA].
Discussions have surfaced over the past month speculating that the US presidential election could have a significant impact on the regulatory approach to crypto ETFs, especially for assets like XRP and SOL. Many industry observers believe the outcome of the election could impact that of the Securities and Exchange Commission [SEC] stance on digital asset ETFs, which could potentially impact approval rates and future guidance.
In his recent post, Geraci noted the same:
“Forecast…There will be several spot crypto ETF filings this week. XRP, SOL, ADA, etc. Suppose several issuers were well prepared for the election results. There is no downside to getting aggressive now.”
Community response
This comment was received positively by many. For example one X user commented,
“Would like to see some $ADA filings”
However, this did not happen without sparking significant debate and some criticism within the crypto community. Mall memecoin enthusiasts were surprised by the lack of any mention of Dogecoin [DOGE]a detail that raises eyebrows.
Expressing the same as someone else X user said,
“What about the Doge ETF?”
This can be attributed to the current market dynamics. Ethereum’s disappointing performance [ETH] ETFs may have delayed the spotlight on memecoin ETFs compared to Bitcoin. However, Geraci was not the only one concerned with this development.
In an interview with Bloomberg TV in late October, Ripple CEO Brad Garlinghouse expressed optimism about the future of cryptocurrency ETFs, hinting at a more inclusive approach across assets in the future.
He said,
“It’s just inevitable. You won’t just see Bitcoin and ETH, you’ll see an XRP ETF.”
Additionally, Canary Capital’s recent S-1 filing with the SEC for a spot in the Solana ETF starting November 1 is already a bold step forward, highlighting the increased momentum in the crypto ETF space.
Impact on the price action of tokens
Now that Donald Trump’s election victory has begun and the cryptocurrency market is gaining popularity, the unfolding developments promise to shape the next phase of digital assets.
As expected, this news has already sent positive ripples through the market Solana op by 5.12% in the last day and notable increases Cardano (2.02%) and XRP (0.44%). Dogecoin also rose by more than 20%, despite not being directly mentioned in recent documents.
