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