Home web3.0 Election Outcome Could Shape Future of Solana and Crypto ETFs

Election Outcome Could Shape Future of Solana and Crypto ETFs

Nov 06, 2024 am 06:20 AM
solana XRP ETFs election outcome

The future of crypto ETFs might take shape after this election, believes Nate Geraci, President of The ETF Institute. In particular,  the eventual approval of new spot ETFs for assets like Solana, XRP, and Litecoin is expected.

Election Outcome Could Shape Future of Solana and Crypto ETFs

The upcoming election will have a profound impact on the future of crypto ETFs.

If Kamala Harris is elected, we can expect a continuation of the Biden administration's cautious approach to crypto. This might delay the approval of new spot ETFs for assets such as Solana, XRP, and Litecoin.

However, if Donald Trump is re-elected, we could finally see a friendlier crypto environment in which ETF innovation accelerates.

President of The ETF Institute Nate Geraci says the upcoming election will determine the future of crypto ETFs.

A Kamala Harris administration, which many expect will be an extension of the Biden administration's cautious approach to crypto, might delay progress in this area. Meanwhile, a Trump administration could finally mean a friendlier crypto environment in which ETF innovation accelerates.

The election outcome is also expected to influence the approval of new spot ETFs for assets like Solana, XRP, and Litecoin.

“The successful launch of spot Bitcoin and Ether ETFs has spurred a wave of interest in new crypto products, including potential spot ETFs for Solana, XRP, and Litecoin,” Geraci said.

Grayscale, for instance, is planning to convert its Digital Large Cap Fund, which tracks the performance of the top crypto assets by market cap, into an ETF. In addition to Bitcoin and Ether, the fund also holds tokens from Solana, XRP, and Avalanche.

A Kamala Harris presidency, however, would likely see a continuation of the Biden administration's cautious approach to crypto.

“While there was a clear path that Bitcoin and Ether ETFs took toward approval by the SEC, including futures-based products, there is no such framework for other crypto assets, and thus, a path forward is not well understood,” Geraci added.

The above is the detailed content of Election Outcome Could Shape Future of Solana and Crypto ETFs. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent? Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent? Mar 03, 2025 pm 06:33 PM

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

How to Find the Next Peanut the Squirrel (PNUT) Solana Memecoin That Could Rally to Astronomical Heights How to Find the Next Peanut the Squirrel (PNUT) Solana Memecoin That Could Rally to Astronomical Heights Nov 15, 2024 pm 03:34 PM

Solana memecoins continue to make waves in the crypto space with the newest memecoin that has taken the crypto space by storm, Peanut the Squirrel (PNUT) token

WallitIQ (WLTQ): From $0.0171 To $80? Understanding The Growth Potential WallitIQ (WLTQ): From $0.0171 To $80? Understanding The Growth Potential Nov 11, 2024 pm 12:18 PM

WallitIQ (WLTQ) is a revolutionary decentralized wallet with features expected to drive the WallitIQ price from the current presale price of $0.0171 to $80.

Have you applied for SOL's ETF? Learn about the application process of SOLANA ETF in one article Have you applied for SOL's ETF? Learn about the application process of SOLANA ETF in one article Mar 03, 2025 pm 09:00 PM

Solana (SOL) ETF application: In-depth analysis and future prospects In the near future, there is a surge in crypto ETF applications, which is closely related to the SEC's increasingly friendly attitude towards cryptocurrencies and its clear approval rules. As a mainstream cryptocurrency, Solana (SOL)'s ETF application progress has attracted much attention. This article will conduct in-depth discussion on the current status, impact and future prospects of SOLETF applications. Current status of SOLETF application. Several institutions have submitted SOL spot ETF applications, among which Grayscale is particularly eye-catching. It plans to convert Solana Trust Fund into spot ETF, which will further expand its influence in the digital asset market. If approved, the ETF will be listed on the New York Stock Exchange under the code

Why did Solana go bankrupt? Is the reason why PI coins are listed on Binance? Why did Solana go bankrupt? Is the reason why PI coins are listed on Binance? Mar 03, 2025 pm 09:54 PM

Solana's recent price decline may be related to the potential Binance listing speculation of PiCoin (PI). Binance's poll showed that 86% of participants supported the listing of PI coins, which could attract a large amount of capital to flow into PI, causing some Solana investors to turn to PI. Solana's price plummeted: Will PI coins replace SOL and become the first choice for investors? Solana (SOL) prices have fallen sharply recently, falling 16% last week and 37% last month. Loss of key support levels has heightened investor concerns. While the overall crypto market downturn is partly responsible, the panic selling of traders has exacerbated the decline. Solana network activity has dropped significantly, with transaction volume plummeting from $1.99 billion in November 2024

Solana is full of ecological crisis, SOL prices are under pressure and fall Solana is full of ecological crisis, SOL prices are under pressure and fall Mar 04, 2025 pm 12:03 PM

Solana Ecology: The cold winter in the storm and the future challenges. The Solana Ecology has encountered unprecedented difficulties recently. The price of its native token SOL continues to fall, and its future development is full of uncertainty. The combination of multiple factors has led to the current severe situation. 1. Shadow of FTX Bankruptcy The 11.2 million SOLs to be unlocked in the FTX bankruptcy auction are worth up to US$2.06 billion, which puts huge pressure on the market. Institutional investors who previously purchased SOL at low prices may choose to take profits, triggering large-scale selling. However, the current trading volume and activity of Solana ecosystem are sluggish, making it difficult to effectively bear the selling pressure. 2. The Meme currency trust crisis LIBRA incident hit the trust foundation of the Solana ecosystem hard. The trading team

Will the Solana ETF be approved in 2025? SOL ETF debuts at DTCC Will the Solana ETF be approved in 2025? SOL ETF debuts at DTCC Mar 04, 2025 am 09:06 AM

SolanaETF: Will it be approved this year? What impact will it have on the market? After Bitcoin and Ethereum spot ETFs were approved, the market's attention turned to the next potential ETF target: Solana. Several companies have submitted SolanaETF applications, triggering heated discussions in the market about the possibility that SOL spot ETF will be approved this year. Latest progress of SolanaETF Recently, VolatilityShares' two Solana futures ETFs have been included in the US Securities Centralized Custody and Settlement Company (DTCC) list, indicating that the SolanaETF ecosystem has entered a critical stage and has also increased the expectation of SOL spot ETF approval. DTCC plays a central role in global financial markets, and its list means these

XRP Price Prediction: XRP Is Close to a Key Breakout Level at $0.66, with Potential to Rally Up to $1.50 XRP Price Prediction: XRP Is Close to a Key Breakout Level at $0.66, with Potential to Rally Up to $1.50 Nov 13, 2024 am 12:28 AM

XRP saw a 19% jump this week as strong market indicators, including reduced selling pressure and increased open interest, point to further bullish movement.