PANews reported on November 7 that according to Cointelegraph, Donald Trump's victory in the US presidential election may pave the way for more diversified cryptocurrency financial products. Nansen analyst Edward Wilson said that the Trump administration may embrace more innovations in the cryptocurrency industry, including the launch of the first pledged Ethereum ETF. Wilson said: "Because the regulatory environment may be favorable to cryptocurrencies, we may even see the first pledged Ethereum ETF approved early in this new administration, which will take full advantage of ETH as an asset. If this happens, then ETH will become an exciting asset worth paying attention to."