According to TechFlow, on November 7, according to Cointelegraph, Nansen analyst Edward Wilson said that if Donald Trump wins the US presidential election on November 5, this may pave the way for more diversified cryptocurrency financial products, especially for Ethereum, the world's second largest cryptocurrency.
Wilson believes that the Trump administration may be more receptive to innovation in the crypto industry, including the launch of the first Ethereum-backed ETF. He noted that in a pro-crypto regulatory environment, we may see Ethereum-backed ETFs approved early in the new administration.
However, the current performance of the U.S. spot Ethereum ETF has disappointed some investors, with cumulative net outflows exceeding $489 million since its launch.
