With Donald Trump's election victory, the cryptocurrency industry is brimming with optimism, sparking a renewed push for Exchange-Traded Funds (ETFs) — specifically, spot ETFs. Analysts forecast new ETF filings in the U.S. as early as this week, suggesting that assets like XRP, ADA, DOGE, and HBAR could soon be added to the growing list of crypto-linked ETFs.
A central figure in this shifting landscape is SEC Chair Gary Gensler, whose regulatory stance has been a contentious issue within the crypto community. Gensler, who approved landmark ETFs such as January’s Bitcoin ETF and May’s spot Ethereum ETF, is now anticipated to resign as SEC chair under Trump’s administration, a move the President-elect has pledged to make on his first day in office.
While Gensler's regulatory approach has frustrated many in the crypto world, his role in greenlighting these ETFs highlights the complex regulatory dynamics surrounding digital assets. As the community looks forward to potentially more crypto-friendly policies, discussions around spot ETFs and expanded access to digital assets are once again at the forefront of industry conversations.
Whether these developments will yield a favorable outcome for crypto enthusiasts remains uncertain, but with new filings on the horizon, the community is hopeful that spot ETFs could soon play a larger role in expanding mainstream access to cryptocurrency investments.
