"It won't happen if Harris wins, regardless of the issuer," said Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, referring to the approval of crypto ETFs.
"If former President Donald Trump wins the election, however, there'd be a 'decent chance' for more crypto ETFs," according to ETF expert Eric Balchunas.
"The approval of spot bitcoin and ether ETFs earlier this year was seen as a huge win for the industry after issuers fought for years to introduce such funds," highlighting the industry's ongoing battle for regulatory approval.
"Several firms recently began seeking approval to create U.S. exchange-traded funds that track cryptocurrencies beyond the already-approved bitcoin (BTC) and ether (ETH) products," indicating a push towards a broader crypto ETF market.
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