In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
The flurry of filings to list alternative cryptocurrency exchange-traded funds (ETFs) in the United States are “call options on a Trump victory” in the upcoming presidential elections, Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said on Oct. 25.
“If [former US president Donald] Trump wins […] he will definitely put in a more libertarian [Securities and Exchange Commission] chair,” Balchunas said during the Plan B Forum conference in Lugano, Switzerland.
“So if you see a Trump victory, watch this space, and if you see a [Kamala] Harris victory, just forget about it for a couple of years,” Balchunas said.
