mentioned<\/a> that while there may be a shift towards a more crypto-supportive SEC, the unpredictable nature of bureaucracy complicates forecasts.<\/p>\nThe expected departure of Gensler has already influenced a surge in cryptocurrencies that were previously deemed \u201cunregistered securities.\u201d For example, tokens like Uniswap (UNI) and Polygon (POL) have seen substantial price gains of 38% and 20%, respectively, within days of the election, surpassing Bitcoin\u2019s 14% increase.<\/p>\n
The election results have also provided a boost to ETH, which has grown 21% since then. Investors are optimistic for a better regulatory outlook that could enhance the acceptance and success of Ether ETFs, which have not received the same level of enthusiasm as their Bitcoin counterparts.<\/p>\n
However, the vagueness about whether staking yields are classified as commodities or securities complicates the development of Ether ETFs.<\/p>\n
Jesper Johansen, CEO of Ethereum staking platform Northstake, emphasized that $6 billion in Ether ETFs is currently unutilized in staking, marking a significant opportunity lost for investors.<\/p>\n
<\/p>\n
At present, Solana, now the fourth largest cryptocurrency by market cap after surpassing Binance Coin (BNB) earlier this week, trades at $196, marking a week-over-week increase of 15%.<\/p>\n
Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
After Donald Trump’s win in the recent election, many in the cryptocurrency community feel rejuvenated about their hopes for exchange-traded funds (ETFs). The new political leadership brings a sense of possibility about getting approval for ETFs linked to altcoins like Solana, XRP, and Litecoin. Solana Emerges as a Contender for ETF Approval In contrast to […]<\/p>\n","protected":false},"author":14,"featured_media":22137,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Trump's Comeback Sparks Renewed Hope for XRP, Solana, and Litecoin ETFs - Bitrabo","description":"After Donald Trump's win in the recent election, many in the cryptocurrency community feel rejuvenated about their hopes for exchange-traded funds (ETFs). The n"},"footnotes":""},"categories":[316],"tags":[10020,2223,481,1167,2636,1962,1219,10018,1213,4333,517],"class_list":["post-22136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-and-litecoin-etfs","tag-etfs","tag-litecoin","tag-optimism","tag-power","tag-report","tag-return","tag-revives","tag-solana","tag-trumps","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/22136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=22136"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/22136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/22137"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=22136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=22136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=22136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}