Spot Bitcoin last year $94,821.2 Post ETF and Spot Ether ETF approval, market participants expect the list of crypto ETFs to expand further in the US. While it is thought that XRP and Solana ETFs may also receive approval in 2025, many applications were made in November.
The New Wave of US Crypto ETFs
According to the Reuters report, 16 applications were made by issuers such as VaEck, Canary Capital and 21Shares. These applications aim to approve exchange-traded products that track crypto indices or tokens such as XRP and SOL.
There are two main reasons for this new wave of ETFs. First, Paul Atkins is expected to be appointed as SEC Chairman to replace Gary Gensler, and secondly, lighter regulations are expected to be introduced. While Gary Gensler is seen as an anti-crypto figure, Atkins’ appointment could lead to the introduction of crypto-friendly regulations.
New crypto ETF wave expectations in the US, SOL and Ripple 
$2.3It had mixed effects on ‘s XRP. SOL prices increased by 0.88% in the last 24 hours to $191.04. While market capitalization increased, trading volume decreased by 5.29%.
XRP price movements followed a similar course. XRP’s rise of 0.76% to $2.32 in the last 24 hours caused its market value to increase by 0.80%. While trading volume decreased by 31.08%, market sentiment for XRP is considered neutral. Of course, these are comments on short-term performance. XRP Coin has already been pricing this for months.
Flows in Available Crypto ETFs
XRP, Litecoin 
$104.6HBAR and SOL ETF, despite expectations, there have been major outflows in Spot Bitcoin ETF and Spot Ether ETFs in recent days. Among spot Bitcoin ETFs, Fidelity’s FBTC stood out with the most outflows of $258.7 million. Ark’s ARKB also debuted at $148.3 million.
As for Spot Ether ETFs, Fidelity’s FETH led with an outflow of $147.7 million, while Grayscale’s ETHE and ETH ETFs reported outflows of $8.3 million and $3.4 million, respectively.
The expected new wave in the crypto ETF market may affect the overall dynamics of the market. The SEC’s new chairman’s support for crypto-friendly regulations could speed up ETF approval processes. However, outflows in existing ETFs can be an important indicator to monitor investors’ confidence in the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
