๐บ๐ธ Trumpโs Second Term Sparks a Crypto ETF Boom! ๐
Ever since President Donald Trump secured his second term, the crypto world has been on fire! ๐ฅ Asset managers are rushing to file new crypto ETF applications, seizing the moment in a deregulated, pro-crypto environment. ๐ผ๐ฐ
๐ Crypto ETFs Gaining Momentum
This week, the SEC gave partial approval to a groundbreaking Bitcoin & Ethereum ETF by Bitwise, which dynamically adjusts its holdings based on market prices. โ๏ธ๐
Meanwhile, VanEck and ProShares have filed new ETFs including Litecoin, XRP, and Solana, while Coinbaseโs derivatives unit is working on Solana & Hedera futures contracts! ๐๐
โณ Solana Futures ETF Coming Soon!
According to Bloomberg ETF analyst Eric Balchunas, a Solana futures ETF could be live by mid-March! ๐ฅ But the big question remains:
๐ญ Will demand explode once spot ETFs arrive?
๐ Canada Leading the XRP ETF Race!
Purpose Investments (Toronto) has filed to launch Canadaโs first XRP ETF, potentially beating the U.S. to market. ๐จ๐ฆ๐
CEO Som Seif believes institutional interest is rising, and an ETF would give investors a transparent, regulated way to gain exposure. Bloombergโs Balchunas added:
๐ โCanada always launches first, but when the U.S. enters the game, we get the same thingโcheaper and with 50-100x more liquidity.โ ๐ฅ๐ธ
๐ฅ Is This the Start of a Crypto ETF Revolution?
With Trumpโs policies favoring crypto, are we about to see an ETF explosion like never before? Drop your thoughts below! ๐๐
