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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.<\/p>\n
“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. <\/p>\n
“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. <\/p>\n Eric Balchunas speaking at the Plan B Forum in Lugano. Source: Cointelegraph<\/em><\/p>\n<\/figcaption><\/figure>\n Bitcoin (BTC<\/a>) and Ether (ETH<\/a>) ETFs were listed in the US in January and July, respectively, after years of resistance from the SEC. <\/p>\n Now, issuers are seeking to register ETFs for other tokens, including Solana (SOL<\/a>) and XRP (XRP<\/a>). <\/p>\n In July, securities exchange Cboe asked regulators<\/a> for permission to list VanEck’s and 21Shares’ planned SOL ETFs. <\/p>\n In October, ETF issuers Canary Capital and Bitwise both filed for proposed XRP ETFs. Canary also filed to register<\/a> a spot Litecoin (LTC<\/a>) ETF on Oct. 15.<\/p>\n Three in four crypto owners said a candidate’s crypto policy will impact how they vote. Source: Gemini<\/em> <\/p>\n<\/figcaption><\/figure>\n The November election pits Republican nominee Donald Trump — who has said he wants to make America “the crypto capital of the world” — against Democrat Kamala Harris, who has been comparatively quiet on the industry.<\/p>\n Vice President Harris is friendlier toward cryptocurrency than her boss, President Joe Biden, but not as pro-industry as Trump, Galaxy Research said<\/a> on Oct. 14.<\/p>\n Under Biden, the SEC has taken an aggressive regulatory stance toward crypto, bringing upward of 100 regulatory actions against industry companies.<\/p>\n In July, Trump promised to “fire” Gary Gensler, who currently heads the SEC, if he wins the election. <\/p>\n Top ETF launches in 2024. Source: The ETF Store<\/em> <\/p>\n<\/figcaption><\/figure>\n Cryptocurrency funds accounted for 13 of the 25 largest ETF launches in 2024<\/a> by inflows through August, according to a post<\/a> on the X platform by Nate Geraci, president of The ETF Store, an investment adviser.<\/p>\n Bitcoin has dominated the ETF landscape this year, accounting for six of the top 10 most successful launches in 2024, Geraci said in an X post<\/a>.<\/p>\nRelated: <\/strong><\/em>Harris beats Biden, lags Trump on crypto policy — Galaxy Research<\/strong><\/em><\/a><\/h1>\n