Lots of developments will come I think because of Trump with the approval of Bitcoin Reserves. I think all the tokens that has ETF including Doge which also has a coming ETF proposal will be among the reserves Trump going to approved.
Crypto community been expecting a lot from Trump which if he does something against crypto, people will not be affected anymore.
Well, I don't think that Spot ETF depends on BTC Reserves. When Gary Gensler left SEC, the opportunity opened up for many Spot ETFs based on ALTs such as XRP, SOL, LTC, DOGE. I'm not sure if traditional investors have a need to access these ALTs through Spot ETFs, but if they are approved, it could bring positive impacts to the spot market.
BTC & crypto have been recognized in value in the US after Trump executive order, I hope that many other countries will soon recognize BTC as well. In addition, we are still waiting for the US Congress to vote on Senator Cynthia Lummis bill, that will be the time when BTC is officially accumulated positively by governments worldwide.