Donald Trump's recent endorsement of Cardano (ADA), XRP, and Solana (SOL) has sparked speculation that ETFs for these cryptocurrencies could soon be approved. Although Trump did not directly mandate their inclusion in ETFs, the market perceived it as an indirect endorsement. Analysts believe Trump's support could address regulatory concerns and strengthen the case for altcoin ETF applications. However, some experts urge caution, as Trump's proposal lacks a clear timeline and would require congressional approval. The SEC is currently reviewing ETF applications for XRP, Solana, and Cardano. Despite regulatory uncertainty, Trump's push for a strategic reserve is seen as potentially accelerating ETF approvals for Solana and XRP. Analysts suggest that if Bitcoin and altcoin ETFs are approved, it could lead to renewed institutional interest and price gains for these assets.



Other News from Today