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Trump's victory may drive the approval of XRP and Solana ETFs, with analysts expecting an influx of $90 billion in investments.
According to Deep Tide TechFlow news on May 5, Tokocrypto News reported that the cryptocurrency industry is welcoming new opportunities following U.S. President Trump's victory in the presidential election. Bloomberg analyst Eric Balchunas stated that the approval probability for Solana and Litecoin Spot ETFs is 90%, while XRP is at 85%. Several well-known investment firms, including Grayscale, VanEck, 21Shares, Bitwise, and Canary, have submitted ETF applications for these assets.
The Trump administration nominated Paul Atkins to replace Gary Gensler as the chairman of the U.S. Securities and Exchange Commission (SEC), which is expected to accelerate the approval process for cryptocurrency ETFs. Additionally, Trump signed an executive order in March 2025 to establish the "Strategic Bitcoin Reserve" and "Digital Asset Reserve," aiming to position the U.S. as a global cryptocurrency hub. Analysts expect these initiatives to bring approximately $90 billion in investments to the market.