Crypto News: Which coin will get an ETF next – XRP, SOL or ADA?

When the Bitcoin Spot ETF came onto the market in January 2024, it quickly became a bestseller. A total of $24 billion has flowed into the ETF so far. By the way, the largest is the Ibit with a value of almost 34 million US dollars. The Ethereum Spot ETF followed in July 2024, although it took a little longer than its predecessor to really get off the ground. Currently, the total net assets of the ETH Spot ETF are around $9 billion. It is probably only a matter of time before more crypto-based spot ETFs come to the American market, as the new government in the US is likely to be less restrictive towards cryptos. Analysts predict that new filings with the SEC will begin as early as this week.

The role of the SEC – and Gary Gensler

The growing confidence in the crypto industry could be attributed to the possible resignation of SEC Chairman Gary Gensler, which may be imminent. Donald Trump has promised to fire Gensler immediately after taking office if he returns to the White House. However, one should keep in mind that Trump suffers from a remarkable forgetfulness when it comes to certain campaign promises. Although Gensler is considered something of an “Antichrist” in the crypto industry, he has also played a significant role in the approval of several major ETF products, including the Bitcoin ETF in January and the spot Ethereum ETF. Gensler’s vote was crucial in the approval of the Bitcoin ETF and a key factor in the launch of the Ethereum spot ETFs. This could be an indication that he may be more sympathetic to the crypto industry, as is often assumed. It is quite possible that he will approve more ETFs or at least pave the way for their approval before his possible resignation.

That’s what the analysts say

Nate Geraci, co-founder of the ETF Institute, predicts that applications for ADA and XRP Spot ETF will be submitted this week. In fact, XRP Spot ETFs have been under discussion for a long time and have been brought back within reach at the latest with the Grayscale Trust, which was reactivated in September. The ADA is also a realistic candidate for a spot ETF.

Forecast…

There will be several spot crypto ETF filings this week.

XRP, SOL, ADA etc.

Suppose several issuers were well prepared for the election results.

There is no downside to becoming aggressive now.

— Nate Geraci (@NateGeraci) November 11, 2024

Eric Balchunas, an ETF analyst at Bloomberg, expects an application for a spot DOGE ETF to be filed in the near future. In contrast, Juan Leon, chief investment strategist at Bitwise, is skeptical about the chances of a Dogecoin ETF. He doubts that the meme coin can meet the (even) stricter requirements of the SEC.

Our approval chances for Solana ETFs are now up to 20%. J/k, we’re not doing that. That said, a Trump victory on the defensive certainly gives alt-coin ETFs at least a chance of approval. https://t.co/TcjKxR1Chk

— Eric Balchunas (@EricBalchunas) November 6, 2024

Meanwhile, Canary Capital Group has submitted an ETF application for the HBAR Coin. This is the native token of the Hedera Hashgraph network. Another hot candidate for a spot ETF is Solana. The first applications have already been submitted to the SEC. VanEck, 21Shares and Canary Capital have filed.

Pepe Unchained – own Layer 2 and launchpad

One of the biggest draws at Solana is the meme coin launchpad Pump.Fun, on which practically anyone can launch a meme coin. For example, the Moo Deng token, one of the most successful meme coins this year, was launched on the platform. But now there is a project that wants to give Solana serious competition.

Pepe Unchained is more than just the next meme coin project of many. The token runs on its own layer 2, on which an entire ecosystem is to be created. In addition to a DEX, a separate launchpad – Pepe’s Pump Pad – is also planned. In order to exploit the full potential of Layer 2, Pepe Unchained has also launched a developer support program. The native token PEPU can currently still be purchased in advance. Interested investors should hurry up, however, because this is already on the home stretch. One PEPU costs $0.01279. Payment can be made with ETH, USDT or BNB. Credit card payments are also possible.

Connect your wallet here and buy PEPU in the presale

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