Donald Trump Win Key For XRP, Solana ETFs

Bloomberg analyst Eric Balchunas has hinted that a potential Donald Trump victory in the upcoming U.S. presidential election could influence the fate

Bloomberg analyst Eric Balchunas has hinted that a potential Donald Trump victory in the upcoming U.S. presidential election could influence the fate of XRP and Solana ETFs.

This comment follows Bitwise's recent steps toward creating an XRP ETF by registering a trust entity in Delaware. Concurrently, it is ahead of the U.S. Securities and Exchange Commission's (SEC) deadline to appeal Judge Torres’ ruling that secondary sales of XRP on exchanges are not securities.

The recent developments come as no surprise, given the increasing demand for XRP and Solana ETFs among investors. However, the likelihood of these ETFs being approved remains uncertain, especially considering the SEC's recent stance on cryptocurrency regulation.

As the U.S. presidential election nears, the fate of these ETFs may hinge on the outcome of the race and the subsequent changes in the SEC administration.

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