Opinion: If elected, Harris is unlikely to approve other cryptocurrency ETFs such as XRP and SOL

Two ETF experts say XRP and SOL ETF applications may not come to fruition if Democratic presidential candidate Harris wins the November election. "If Harris wins, it won't be approved, no matter who the issuer is," said Eric Balchunas, senior ETF analyst at Bloomberg. Some industry experts believe that when asset management giant BlackRock joined the race to launch Bitcoin and Ethereum ETFs, it greatly improved the chances of the SEC approving them - although it is unclear how much of a role BlackRock actually played. Balchunas said that if former President Trump wins the election, there will be a "considerable chance" that more cryptocurrency ETFs will appear, whether or not BlackRock joins the ranks of Bitwise, VanEck and other companies looking to expand cryptocurrency ETFs beyond BTC and ETH. Nate Geraci, president of The ETF Store, agreed with this view, saying: "It seems unlikely that a Harris administration will approve additional spot crypto ETFs, at least not soon after the election." (CoinDesk)