After SEC Chair Gensler officially announced his resignation, ETF issuers received a significant opportunity. They can now take bolder steps and apply for altcoin ETFs. Donald Trump has promised to appoint a crypto-friendly chair to replace Gensler, which has sparked optimism within the cryptocurrency community.
XRP Coin ETF Application
In addition to previous applications, Wisdom Tree, a company already issuing crypto ETFs, has now applied for an XRP Coin ETF. Following the announcement of this application, the price of XRP Coin surged above $1.46. There is a prevailing belief that the ongoing battle between Ripple 
$1 and the SEC will come to an end with the new chair, leading to significant price increases for XRP Coin, especially with these new ETF applications supporting its value.
Potential Impact of BlackRock and Fidelity
A key factor that could trigger significant price increases for XRP Coin is the potential applications for XRP Coin ETFs by BlackRock and Fidelity. These major asset managers could facilitate ETF issuance reaching larger investor audiences, which may lead to enormous inflows into XRP Coin. Such inflows, amounting to tens of millions of dollars for XRP Coin, could mirror the hundreds of millions seen with Bitcoin 
$77,560, highlighting the importance of market capitalization differences.
Fox Business reporter Terret stated, “Global ETF company Wisdom Tree has registered for an $XRP ETF in Delaware. I have confirmed with the company that this is a legal application.” He noted that Wisdom Tree manages over $100 billion in assets.
