Trump victory tipped to break logjam of exotic US crypto ETF filings

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Financial Times 12h ago

Trump victory tipped to break logjam of exotic US crypto ETF filings - Financial Times

Quick Summary:

It’s faced a hostile SEC, major regulatory uncertainty [and] constrained access to basic banking services.“Imagine what happens when the headwinds abate,” Hougan added.“I think we’ll see an explosion of crypto applications and adoption that significantly impacts the real world.

Scaled up to the size of the US market for bitcoin and ether ETFs, this would tentatively suggest demand for funds holding more esoteric crypto tokens could be somewhere around $55bn if they existed today.

Industry figures are hopeful that Trump, who has pledged to turn the US into “the bitcoin superpower of the world”, will replace Gensler — widely expected to resign in the wake of the election result — with someone who is more crypto friendly, unblocking the logjam of filings.“[The] election was a massive win for crypto.