Solana, XRP ETF Approval Hinges on 2024 US Election
Author: Content Editor
Nate Geraci, President of The ETF Store, shared his perspective on how the outcome of the 2024 U.S. presidential election could impact the future of crypto ETFs, particularly focusing on Solana (SOL), XRP, Litecoin (LTC), and other altcoins. While Geraci believes that the impact of elections on investing is often overstated, he acknowledges that political shifts can shape the regulatory environment for crypto ETFs. The next SEC chairman's stance on crypto will likely determine the pace of ETF innovation and the introduction of altcoin ETFs. Geraci points out that a change in administration could shift the regulatory tone, with former President Donald Trump appearing more crypto-friendly. Geraci also notes that other ETF-related issues influenced by the election include the SEC's consideration of ETF share classes for existing mutual funds and potential changes to ETF taxation. Overall, Geraci emphasizes that politics and ETFs intersect, potentially impacting the crypto sector, and the next administration could influence the introduction of innovative products like Solana and XRP ETFs.