After Donald Trump’s Cardano, XRP and Solana Announcement, Analysts Predicted What Will Happen Next: Will the Anticipated Come?

Donald Trump’s recent endorsement of Cardano (ADA), XRP, and Solana (SOL) has led to speculation that exchange-traded funds (ETFs) for these assets may soon receive approval.

While the President did not directly mandate that these assets be included in ETFs, his proposal to add them to a strategic reserve was seen by the market as an indirect endorsement.

Analysts suggest Trump’s support could ease regulatory concerns and strengthen applications for ETFs based on these altcoins. “The inclusion of XRP in a strategic reserve strengthens the case for XRP ETF applications by helping to address some of the key regulatory concerns,” Jonathan de Wet, chief investment officer at crypto trading firm Zerocap, said in an interview.

But some industry experts are urging caution. Trump’s proposal, which would prioritize Bitcoin (BTC) and Ethereum (ETH) as reserve assets, lacks a clear timeline and would likely require congressional approval before being implemented.

“We assume some sort of bill needs to pass Congress, and in my view it’s very unlikely that the reserve will look exactly as proposed,” said Luke Nolan, a research associate at CoinShares.

Zach Burks, CEO of NFT marketplace Mintable, dismissed the significance of Trump’s comments, arguing that XRP and Cardano have little strategic value to the U.S. government. “They are nothing compared to the strategic gold reserves that the U.S. holds,” Burks said.

Despite regulatory uncertainty, the Securities and Exchange Commission (SEC) is currently reviewing ETF applications for XRP, Solana, and Cardano. Trump’s strong support for crypto and his own initiatives in the sector, including a memecoin project, have fueled expectations that these ETFs could eventually gain approval.

Meryem Habibi, chief revenue officer at Bitpace, a crypto payment gateway, believes Trump’s push for a strategic reserve will positively impact ETF approvals. “The reserve call should accelerate approvals for ETFs like Solana and XRP,” Habibi said.

Despite the short-term volatility, analysts suggest that a resurgence in Bitcoin and potential SEC-approved altcoin ETFs could lead to renewed institutional interest and price gains for these assets. “In an optimistic scenario, I think XRP and Solana will garner more institutional interest and likely attract higher fund flows,” Nolan said.

*This is not investment advice.