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Following the recent victory of Donald Trump, optimism is surging in the cryptocurrency sector regarding the approval of exotic U.S. crypto exchange-traded funds (ETFs). Reports indicate that Trump's administration may lead to a significant shift in the Securities and Exchange Commission (SEC), with a new chair expected to be pro-crypto. This change could facilitate the filing of various ETFs, as evidenced by Canary Capital's recent application for an HBAR ETF, building on their earlier bids for XRP and Litecoin ETFs. Additionally, Bitwise is seeking to convert its index fund into an ETF, reflecting a broader trend among ETF issuers who are increasingly willing to take risks in anticipation of a favorable regulatory environment.
Crypto ETFs: A New Frontier or Just Noise? Trump’s win has ETF issuers rolling the dice, betting on a major SEC pivot. This week alone, Canary Capital filed for an HBAR ETF, adding to earlier bids for XRP and Litecoin. Bitwise stepped up, pushing to convert its index fund -… https://t.co/ANEhmmhodX
Filing of ETFs Spike With Shake-Up Of SEC's Crypto Crackdown Trump’s moves has made the cryptoverse optimistic about filing ETFs again. Canary Capital is pushing for an HBAR ETF after their XRP and Litecoin plays. Bitwise has plans to convert their index fund to an ETF on… https://t.co/JlizkhlVj2
🚨I’ve been told by sources close to the transition team that the new @SECGov chair will be pro-crypto, the nominee will also have to be well-equipped to handle all the other issues under the SEC’s purview — public companies, the stock market, the bond market, private funds, the… https://t.co/iIRrhwvSxx
