After the SEC approved spot Bitcoin and Ethereum ETFs in recent months, issuers have turned to other crypto ETFs.
At this point, while ETF applications have come for Solana (SOL), XRP and Litecoin (LTC), apart from BTC and ETH ETFs, two expert ETF analysts predicted that it is unlikely that crypto ETFs other than Bitcoin (BTC) and Ethereum (ETH) will be approved under the presidency of Kamala Harris.
Analysts have pointed to Donald Trump as a possible candidate for the XRP and Solana (SOL) ETFs, saying that Trump’s win in the US presidential election could significantly increase their approval ratings.
On the other hand, if Harris wins the presidential election, the XRP, SOL and LTC ETF applications will not have a chance of approval.
“No matter who the issuer is, if Harris wins, that’s not going to happen,” said Eric Balchunas, Bloomberg’s senior ETF analyst.
However, according to Balchunas, if Trump wins the election and giant names such as BlackRock, Bitwise, VanEck also apply for altcoin ETFs other than BTC and ETH, there may be a good chance for more crypto ETFs.
As a result, Balchunas said Trump is the only chance for other crypto ETFs, and ETF Store president Nate Geraci shares the same view.
“It seems unlikely that the Harris administration will approve any more spot crypto ETFs, at least not immediately after the election,” Geraci said.
As Donald Trump’s chances of winning continue to increase, according to Polymarket data, Trump’s chances of winning are priced at 64.3% and Harris’s chances of winning are priced at 35.6%.
*This is not investment advice.