25.01.2025 10:41
Grayscale and CoinShares have applied for ETFs that track XRP and Litecoin. With the start of Trump's presidency and changes at the SEC, interest in crypto investments is increasing.
As a new step to expand investment opportunities in the cryptocurrency markets, Grayscale and CoinShares have filed for regulatory approval for ETFs tracking Litecoin and XRP. This move raises expectations for the cryptocurrency market with Donald Trump's inauguration and leadership changes at the SEC. The new ETFs promise to offer investors broader and regulated access to crypto assets.
A New Chapter in Crypto Regulations During the Trump Era
The growing interest in spot ETFs in the cryptocurrency market has prompted leading asset management companies to take action. Grayscale and CoinShares have knocked on the doors of regulatory authorities with new ETF applications focused on XRP and Litecoin.
CoinShares has applied for two new funds named "CoinShares Litecoin ETF" and "CoinShares XRP ETF" with the aim of expanding its portfolio. At the same time, Grayscale submitted 19b-4 forms for "Grayscale Litecoin Trust" and "Grayscale Solana Trust" through the NYSE. Grayscale's applications involve the conversion of existing trusts into spot ETF structures.
These initiatives came after significant management changes in the U.S. The inauguration of Donald Trump and the departure of Gary Gensler from the SEC have opened the doors to a new era in the crypto world. The possibility of former regulator Paul Atkins, known for his crypto-friendly identity, being appointed as SEC chairman has created a positive atmosphere in the markets.
The SEC had approved Bitcoin and Ethereum-based spot ETFs last year. Recently, applications gained new momentum with DOGE-based fund offerings. At this point, significant regulatory changes are expected from the institution in the coming months.
In this context, a new crypto task force has been established under the leadership of SEC Commissioner Hester Peirce, known as "Crypto Mom." This unit aims to establish transparent rules for cryptocurrencies, create realistic registration processes, and ensure the effective use of regulatory resources.