Expert predicts XRP, ADA, SOL ETF filings this week

Crypto could soon witness a significant expansion of exchange-traded fund (ETF) offerings.

Industry expert Nate Geraci has predicted a potential increase in spot crypto ETF filings this week with major digital assets such as Ripple (XRP), Solana (SOL) and Cardano (ADA).

A strategic moment for broadcasters

In a Nov. 11 post on X, the ETF store president hinted that several issuers may have been preparing for the outcome of the just-concluded US election, which saw pro-crypto presidential candidate Donald Trump back in the White House.

With regulatory pathways influenced by political changes, Geraci suggested that providers may see this as an optimal time to act. “There’s no downside to being aggressive now,” he asserted.

The prediction follows the impressive returns of spot Bitcoin ETFs, which now collectively hold more than a million BTC or roughly 4.9% of the total terminal supply. It reflects the growing appetite for various cryptocurrency-backed financial products in the market.

Among the coins whose ETF filings Geraci said he expects to see during the week, Cardano and Solana are coming off big price rallies that saw their values ​​rise 83% and 32%, respectively. for seven days.

The Chicago Board Options Exchange (CBOE) recently solicited two new SOL-focused funds to bolster its portfolio: 21Shares Core Solana ETF and VanEck’s Solana Trust.

Analysts have pointed out that the deadline for these ETFs will be mid-March 2025. However, Eric Balchunas, senior analyst at Bloomberg ETF, had previously highlighted that the presidential election in November would be critical for their trajectory. “If Biden wins, these (ETFs) probably DOA. If Trump wins, anything (is) possible,” he said.

Broader implications for the crypto market

With Trump’s victory assured and more than 260 pro-crypto lawmakers poised to occupy Congress, the developing political climate is expected to affect the regulatory approach of the US Securities and Exchange Commission (SEC). Industry watchers expect current SEC Chairman Gary Gensler to step down to make way for a kinder boss to lead the agency.

Republican Commissioner Mark Uyeda recently called for an end to the financial watchdog war on crypto, a position that issuers may try to use to push their ETF proposals.

If Geraci’s prediction is accurate, potential new XRP, SOL and ADA ETF introductions could further boost the market, which is already up 23% in the past seven days. It could also attract additional institutional interest and provide more legitimacy to more cryptocurrencies outside of BTC and ETH.

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