The view is that if Harris is elected, she is unlikely to approve ETFs for other cryptocurrencies such as $XRP and $SOL . In contrast, if former President Trump wins the election, there will be a 'significant opportunity' in the market to launch more cryptocurrency ETFs, regardless of whether BlackRock joins Bitwise, VanEck, and other companies looking to expand cryptocurrency ETFs beyond $BTC and ETH.

The prediction market Polymarket shows that the probability of Trump winning the U.S. presidential election has risen to 64.5%, nearly 30 percentage points higher than the probability of Harris winning. Currently, market sentiment is high, and the situation seems poised to explode at any moment, with expectations for the performance of $Piin.