Since Donald Trump’s election victory, Bitcoin and altcoins have been performing strongly. Many investors hope that Trump’s positive attitude towards cryptocurrencies will translate into looser policies. In this context, investors predict that it will encourage more spot altcoin ETFs beyond Bitcoin and Ethereum. Experts expect several new ETF applications in November, including XRP Coin and Solana.
ETF hopes for XRP Coin and these altcoins are growing!
As you have been following on Kriptokoin.com, the Bitcoin and altcoin market literally boomed with the victory of Donald Trump. Investors hope that there will be less strict crypto regulations during the Trump administration. This fuels the rally in the market. Finally, ETF Institute CEO Nate Geraci expects a number of new applications for spot cryptocurrency ETFs this week. The SEC has approved many spot Bitcoin and Ethereum ETFs in recent years. However, it rejected most of the rest. Geraci says that with the revived hope after Trump, spot ETF applications for XRP Coin, Solana (SOL), Cardano (ADA) and other altcoins could be filed this week.

Geraci says many issuers are waiting for the US election results. He also says he is now ready to move forward, believing the Trump administration will smooth the way for ETF approvals. The SEC has already reviewed Solana and XRP Coin applications. Despite this, experts say Trump’s presidency increases the likelihood of approval for SOL and other altcoin ETFs.
SEC chairman is outgoing, the names to replace him are crypto-friendly!
Meanwhile, there are also rumours that US SEC Chairman Gary Gensler is about to leave office. Instead, names such as Dan Gallagher, Robinhood’s chief legal officer, are replacing him. Gallagher stands out as the first options to replace Gensler.
During his tenure at the Commission, the SEC approved several Bitcoin ETFs. Gensler cast the deciding vote on repeated applications in the face of massive protests from the crypto community. Commissioners Jaime Lizárraga and Caroline Crenshaw initially moved to block Bitcoin ETF approvals. However, Gensler consistently voted with commissioners Mark Uyeda and Hester Peirce, both Republicans. In a surprise move in May, it approved multiple spot Ethereum ETFs starting trading in July.

ETF applications for XRP Coin increased with Trump’s victory
In July, VanEck applied for the Solana ETF. A number of other altcoin ETFs are on the way, including this one. In addition, multiple issuers have applied for a spot XRP Coin ETF. Asset manager 21Shares has filed for a spot XRP ETF, the third such filing after Canary Capital and Bitwise. The filing explains that the trust does not represent direct exposure to XRP, but will provide indirect market access to investors. Following the news, Ripple CEO Brad Garlinghouse claimed that the SEC ‘lost its war on cryptos’.
XRP Coin value increased by 15.7 per cent during the week. It also remained consistently above the $0.50 threshold. XRP’s market capitalisation currently stands at $33.6 billion. According to Amonyx, an XRP influencer, technical indicators point to the price reaching $260. However, this sounds quite ambitious. According to experts, a realistic target in the near term will be to break $ 4 this Q1.

Follow us on Twitter, Facebook and Instagram, and join our Telegram and YouTube channel to stay up to date with breaking news !