According to Deep Tide TechFlow, on May 5, after President Trump won the presidential election, the cryptocurrency industry welcomed new opportunities. Analyst Eric Balchunas stated that the approval probability for Solana and Litecoin spot ETFs is 90%, and for XRP, it is 85%.
Multiple well-known investment companies, including Grayscale, VanEck, 21Shares, Bitwise, and Canary, have submitted ETF applications for these assets. The Trump administration has nominated Paul Atkins to replace Gary Gensler as SEC chairman, which is expected to accelerate the approval process for cryptocurrency ETFs.
Additionally, Trump signed an executive order in March 2025 to establish a 'Strategic Bitcoin Reserve' and a 'Digital Asset Reserve', aiming to make the United States a global cryptocurrency hub. Analysts expect these initiatives to bring about $90 billion in investments to the market.
