On October 22, two ETF experts said that if Democratic presidential candidate Harris wins the November election, the XRP and SOL ETF applications may not be conclusive. "If Harris wins, it doesn't matter who the issuer is, it's not going to get approved," said Eric Balchunas, senior ETF analyst at Bloomberg. Some industry experts believe that when asset management giant BlackRock joins the race to launch bitcoin and ethereum ETFs, it significantly improves the SEC's chances of approving them - although it is unclear how much BlackRock actually played a role. Balchunas said that if former President Trump wins the election, there will be a "considerable opportunity" for more cryptocurrency ETFs, regardless of whether BlackRock joins Bitwise, VanEck and others looking to expand beyond BTC and ETH. Nate Geraci, president of The ETF Store, echoed this sentiment, saying: "It seems unlikely that the Harris administration will approve additional spot crypto ETFs, at least not soon after the election."