Experts argue that under a potential Kamala Harris presidency, the approval of new crypto exchange-traded funds (ETFs) that track cryptocurrencies beyond Bitcoin (BTC) and Ethereum (ETH) is unlikely. Despite recent progress in obtaining approvals for spot bitcoin and ether ETFs, applications for ETFs tracking Ripple's XRP and Solana (SOL) face bleak prospects under Harris's leadership. Analysts point out that if Donald Trump were to win the presidency, there could be a decent chance for broader approval of crypto ETFs, regardless of which issuers are involved. Kamala Harris has shown limited engagement with the crypto sector and is viewed as maintaining the status quo of the current administration's combative approach to crypto regulation. As Trump gains traction and appeals to the crypto community, the dynamics surrounding ETF approvals may shift significantly depending on the election's outcome.

Source 🔗