The recent election outcomes have sparked increased optimism among ETF issuers about potential approval for various crypto ETFs. This sentiment follows recent filings by firms like Canary Capital, which submitted plans for an ETF focused on HBAR from the Hedera Network, and Bitwise, which is seeking to convert its crypto index fund into an ETF. If approved by the SEC, these funds could trade on NYSE Arca. The anticipated shift in SEC leadership after the election is influencing these developments, signaling a potential change in regulatory attitudes towards crypto ETFs. Senior analyst Sumit Roy emphasized that the upcoming SEC rulings will be crucial in determining the administration's stance on crypto regulation, as an approval could indicate a more permissive environment, while a rejection may dampen enthusiasm among crypto investors.

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