XRP News: Solana, XRP & 5 Other ETFs Filed As SEC Chair Gary Gensler to Exit

The odds of an XRP, Solana (SOL), & Litecoin (LTC) exchange-traded funds (ETF) have gained significant traction in anticipation of Doland Trump’s upcoming presidential inauguration and Gary Gensler’s exit. Notably, renowned ETF expert Nate Geraci recently revealed that numerous asset managers have submitted filings for multiple crypto-backed exchange-traded products.

In the last 48 hours, entities such as ProShares, VanEck, Canary, and a few others have filed for digital asset-backed ETFs. Here’s a brief report on the recent filings, which appear to have echoed a buzz across the broader industry.

Market Expert Reveals SOL, LTC, & XRP ETF Filings Amid Others

According to an X post by Nate Geraci on January 18, the crypto sector has witnessed seven filings for digital asset-backed ETFs in the past 48 hours. Notably, filings for XRP, SOL, and LTC ETFs, among others, have primarily stolen the spotlight. As per Geraci, filings for ProShares Leveraged & Inverse XRP ETFs, ProShares XRP Futures ETF, ProShares Solana Futures ETF, and Canary Litecoin ETF (19b-4) have been submitted recently.

Further, other filings include VanEck Onchain Economy ETF, Oasis Capital Digital Asset Debt Strategy ETF, and CoinShares Digital Asset ETF. Altogether, these filings ride an optimistic wave as pro-crypto Donald Trump’s presidential inauguration is set for January 20.

Gary Gensler’s Farewell Boosts Market Sentiment For ETFs

Also, it’s worth mentioning that with Gary Gensler concluding his term as the U.S. SEC Chair on Friday, market sentiments over regulatory uncertainties in the crypto realm have taken a paradigm shift. In the wake of Gensler’s resignation, Ripple CLO Stuart Alderoty has also conveyed immense optimism, emerging as bullish news for the XRP community.

Notably, the long-running XRP lawsuit could also witness an end as anti-crypto Gensler exits the SEC. Notably, the U.S. SEC submitted a new filing in the case against Ripple, which faced backlash from attorney Bill Morgan.

Meanwhile, it’s also noteworthy that Nate Geraci previously predicted that a Ripple and Solana ETF would be approved this year as regulatory winds shift. Particularly in the wake of the new U.S. SEC Chair Paul Atkins, who was appointed under Trump’s presidency, crypto market participants remain upbeat.

Further, JPMorgan analysts remained positive over ETF launches ahead, predicting SOL and XRP-backed exchange-traded products to bring an inflow of approximately $15 billion within a year. Overall, the filings amid these broader developments have gained significant traction across the industry,

How Are The Crypto Performing?

Simultaneously, it’s worth pointing out that XRP price exchanged hands at $3.15, down 5% from yesterday. Its 24-hour bottom and high were $3.09 and $3.34, respectively.

On the other hand, SOL price witnessed an 11% uptick to reach $236.41. Its intraday low and high were $212.44 and $237.66, respectively.

Given that the XRP and Solana ETF filings could get approved ahead, market watchers remain highly bullish on future price movements. Also, traders and investors are currently rejoicing that pro-crypto Trump is set to take office shortly, which is another bullish event for XRP, SOL, LTC, and other cryptocurrencies.