PANews reported on March 8 that according to DL News, the U.S. Securities and Exchange Commission (SEC) is reviewing five XRP ETF applications submitted by 21Shares, Grayscale, CoinShares, WisdomTree and Canary Capital, and must make a decision on these applications by mid-October this year. Since Trump has previously announced that XRP may be included in the U.S. strategic crypto reserves, Jonathan de Wet, chief investment officer of cryptocurrency trading company Zerocap, believes that this move will help resolve some key regulatory issues, thereby enhancing the feasibility of XRP ETF approval. Analysts at JPMorgan Chase predict that the XRP ETF may attract $8 billion in investment inflows in the first year.