Expert Predicts ETF Applications for XRP, SOL , and ADA to Be Filed This Week

Financial expert Nate Geraci recently predicted that the number of filings for crypto spot ETFs will increase significantly this week, with the participation of large digital assets such as XRP, Solana (SOL) and Cardano (ADA). The ETF Store chairman pointed out that ETF issuers may have been prepared for the outcome of the recent U.S. presidential election, in which pro-crypto candidate Donald Trump emerged victorious and returned to the White House. With the potential change in crypto management policy, Geraci believes this is an ideal time for ETF providers to act aggressively. "There's no reason not to be proactive at this point," he stated. Geraci's forecast is supported by the impressive performance of spot Bitcoin ETFs, which currently hold over 1 million BTC, accounting for around 4.9% of the total Bitcoin supply. This indicates an increasing demand for diversified financial products related to crypto. Among the coins that Geraci predicts will have ETF filings this week, Cardano and Solana have been standing out with strong upward momentum, with their values increasing by 77.6% and 36.7%, respectively, over the past seven days. The Chicago Board Options Exchange (CBOE) recently filed for two new Solana-focused ETFs: the 21Shares Core Solana ETF and VanEck's Solana Trust, in order to expand its investment portfolio. Analysts believe the deadline for approving these ETFs will be mid-March 2025. According to Bloomberg senior analyst Eric Balchunas, the U.S. presidential election in November could have a significant impact on the trajectory of these ETFs. "If Biden is re-elected, these ETFs may fail right out of the gate. But if Trump wins, anything is possible." With Donald Trump's victory and strong support from over 260 pro-crypto lawmakers in Congress, the current political landscape is expected to have a far-reaching impact on the management policies of the U.S. Securities and Exchange Commission (SEC). Industry experts believe that the current SEC Chair, Gary Gensler, may resign, paving the way for a more crypto-friendly leader to head the agency. Recently, SEC Commissioner Mark Uyeda, a Republican member, called for an end to the SEC's strict control measures on cryptocurrencies. This is a signal that ETF issuers may leverage to push forward their registration filings. If Geraci's predictions come true, the new XRP, SOL, and ADA ETF filings could contribute to the growth of the crypto market, which has already increased by 23% in the past week. This not only could attract greater institutional attention, but also bring legitimacy and recognition to many cryptocurrencies beyond BTC and ETH.