Opinion: If Harris is elected, it is unlikely that he will approve ETFs for other cryptocurrencies such as XRP and SOL

ChainCatcher news, two ETF experts stated that if Democratic presidential candidate Harris wins the election in November, the XRP and SOL ETF applications may not yield results. Bloomberg senior ETF analyst Eric Balchunas said, "If Harris wins, it won't be approved, regardless of who the issuer is." Some industry experts believe that the entry of asset management giant BlackRock into the competition to launch Bitcoin and Ethereum ETFs significantly increases the chances of SEC approval for them—although it is currently unclear how much of a role BlackRock actually plays.

Balchunas stated that if former President Trump wins the election, there will be a "fairly good chance" of more cryptocurrency ETFs emerging, regardless of whether BlackRock joins Bitwise, VanEck, and other companies looking to expand cryptocurrency ETFs beyond BTC and ETH.

The ETF Store president Nate Geraci agreed, saying, "The Harris administration seems unlikely to approve additional spot crypto ETFs, at least not shortly after the election."