Falry of reports on the list of alternative funds for cryptocurrency exchange (ETF) in the United States is “Entries in Trump’s victory” in the upcoming presidential election, said Eric Balchunas, ETF analyst at Bloomberg Intelligence, October 25.
“If [former US president Donald] Trump wins […] He will definitely put on a more libertarian [Securities and Exchange Commission] Chairman – said Balchunas during the Forum Plan B conference in Lugano, Switzerland.
“So if you see Trump’s victory, watch this place, and if you see [Kamala] Harris Victory, just forget about it for several years, “Balchunas said.
Eric Balchunas speaks at the Plan B forum in Lugano. Source: Cointelegraph
ETF Bitcoin (BTC) and Ether (ETH) were replaced in the USA in January and July, after years of resistance from SEC.
Now emitters are trying to register ETF for other tokens, including Solana (SOL) and XRP (XRP).
In July, Cboe Exchange Securities Exchange asked regulatory authorities for permission to list the planned ETF Sol Vanecka and 21Shares.
In October, ETF Canary Capital and BitWise issuers submitted an application for the proposed ETF XRP. Canary also submitted an application for ETF registration in the Litecoin style (LTC) on October 15.
Three out of four cryptographic owners said that the candidate’s cryptographic policy would affect the voting. Source: Gemini
November results of the election, republican nominated Donald Trump – who said he wants to make America “the capital of cryptocurrency of the world” – against the Democrat of Kamali Harris, who was relatively quiet in the industry.
Vice President Harris is more friendly to cryptocurrency than its boss, President Joe Biden, but not as pro-seconds like Trump, said Galaxy Research on October 14.
As part of Biden SEC, she took an aggressive regulatory position against cryptocurrencies, bringing 100 regulatory activities against industry companies.
In July, Trump promised to “ponderous down” Gary Gensler, who is currently managing SEC if he won the election.
TOP ETF starts in 2024. Source: ETF store
Cryptocurrency funds constituted 13 out of the 25 largest ETF premieres in 2024. According to the influx until August, as post On platform X by Nate Geraci, president of ETF Store, investment advisor.
Bitcoin dominated the ETF landscape this year, which is six of the 10 most successful premieres in 2024. post.
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