According to PANews on October 22, as reported by CoinDesk, two ETF experts stated that under the election of Democratic presidential candidate Kamala Harris, the approval of cryptocurrency ETFs in the U.S. may not extend to other coins beyond Bitcoin (BTC) and Ethereum (ETH). Currently, ETF applications for Ripple's XRP and Solana (SOL) are underway, but these applications are unlikely to be approved if Harris wins.

Analyst Eric Balchunas pointed out that regardless of who the issuer is, Harris's election could mean a bleak approval outlook for such ETFs. In contrast, if former President Trump wins the election, the situation might be different, as his supportive stance towards the crypto industry could increase the chances of other crypto ETFs getting approved. ETF Store President Nate Geraci also agrees with this view.

Currently, Trump's win probability on the election prediction market Polymarket has risen to 62.4%, indicating his popularity within the crypto community. In comparison, although Harris has mentioned developing a regulatory framework for cryptocurrencies, the specifics of her support remain unclear.