As SEC Chair Gary Gensler’s term nears its end on January 20, a wave of crypto-focused ETF applications has flooded the regulatory body.
This sudden surge reflects industry anticipation of a potentially more crypto-friendly regulatory approach under President-elect Donald Trump’s administration.
On January 17, several firms made significant filings, including ProShares, which submitted a proposal for a Solana Futures ETF. This fund would allow investors to gain exposure to Solana’s price movements through futures contracts rather than direct holdings. Despite its potential, some experts, such as ETF analyst James Seyffart, raised concerns about the liquidity of Solana futures, suggesting such ETFs may not become viable in the U.S. until 2026.
CoinShares also filed for a new ETF that tracks its proprietary Compass Crypto Market Index, while ProShares expanded its filings to include leveraged and inverse ETFs linked to XRP. Other companies, including Bitwise and WisdomTree, joined the rush with spot XRP ETF applications. Tidal DeFi proposed a different approach, with a fund aimed at debt instruments tied to crypto ecosystem companies, including miners and payment providers.
Earlier in the week, VanEck submitted its “Onchain Economy” ETF proposal, designed to invest in a wide range of cryptocurrency-related firms, from infrastructure builders to exchanges. This diverse wave of filings signals how asset managers are positioning themselves ahead of what could be a pivotal shift in U.S. crypto regulation.
Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.
The team behind Pi Network is diving into the gaming industry with the release of FruityPi, a new application designed to highlight the practical use of its ecosystem tools, including the Pi cryptocurrency, wallet, and ad services.
The FTX Recovery Trust has initiated a new $5 billion round of reimbursements, starting May 30, for creditors who completed the necessary steps.
As Nvidia’s stock continues its upward surge, company executives are preparing to cash in. CEO Jensen Huang is expected to sell up to $800 million worth of shares under a trading plan adopted earlier this year, marking his first such sale of 2025.