On October 22, two ETF experts stated that if Democratic presidential candidate Harris wins the November election, XRP and SOL ETF applications may not be approved. Bloomberg senior ETF analyst Eric Balchunas said, "If Harris wins, no matter who the issuer is, it won't be approved." Some industry experts believe that when asset management giant BlackRock joined the competition to launch Bitcoin and Ethereum ETFs, it greatly increased the chances of SEC approval - although it is currently unclear how much of a role BlackRock actually played. Balchunas said that if former President Trump wins the election, there will be a "significant chance" of more cryptocurrency ETFs being approved, regardless of whether BlackRock joins the ranks of companies such as Bitwise, VanEck, and others who hope to expand cryptocurrency ETFs beyond BTC and ETH. ETF Store President Nate Geraci agrees with this view, saying, "The Harris government seems unlikely to approve additional spot cryptocurrency ETFs, at least not shortly after the election."