Market Expert Explains Why Election Outcome Is Key For Solana And XRP ETFs
Nate Geraci stated that the upcoming election will influence the crypto ETFs, particularly for Solana.Kamala Harris administration may slow progress, while a Trump's could foster a more favorable environment.The election outcome is crucial for the approval of new spot ETFs for assets like Solana, XRP, and Litecoin.President of The ETF Institute, Nate Geraci, says the upcoming election will profoundly impact the future of crypto ETFs.The approval of new spot ETFs for assets such as Solana, XRP, and Litecoin is of particular interest.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.