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Following the 2024 U.S. presidential election and Republican candidate Donald Trump’s preparation for office, financial markets are witnessing significant changes. The pro-crypto administration that Trump has promised during his campaign is generating positive expectations among asset managers.
Increase in Crypto ETF Applications
Crypto asset managers anticipate a surge in spot ETF applications due to Trump’s pro-crypto policies. Experts Eric Balchunas and James Seyffart predict that these applications could triple by January.
Recent applications include Solana 
$154 (SOL) funds, BTC/ETH combination funds, and a Hedera (HBAR) application by Canary Capital. This variety contributes to the opening of new investment channels within the crypto market.
SEC Approval Processes
However, the approval timeline for these applications remains uncertain. Experts caution that even the most promising ETFs may take years to receive approval.
Bloomberg analyst Eric Balchunas stated, “Unless a major crisis negatively impacts the market, the anticipated developments for crypto ETFs will be quite impressive.”
Bitcoin 
$104,324 ETFs have reached record volumes this year, allowing traditional financial institutions to provide broader access to a wider investor base. This situation has led to greater acceptance of digital currencies within the financial system.
James Seyffart remarked, “We expect the application list to triple next year.”
The crypto community and the broader financial sector are generally optimistic about the future of digital currencies. However, as approval processes may be lengthy and challenging, investors are closely monitoring these developments.
In conclusion, Trump’s administration’s crypto policies could lead to significant shifts in the crypto ETF market. Investors and financial institutions are reassessing their strategies to capitalize on these developments.
