How Solana's ETF Fate Hinges on Trump and Biden

The Chicago Board Options Exchange filed for Solana ETF on June 10, 2024. Renowned Bloomberg ETF pro offers a bi-folded take on Solana ETF approval. Analyst claims Joe Biden’s re-election would deem SOL ETF “dead on arrival”. Renowned Bloomberg financial analyst Eric Balchunas has rocked the cryptosphere by suggesting that the upcoming United States presidential election could determine the outcome of Solana’s exchange-traded fund (ETF) filings. https://twitter.com/EricBalchunas/status/1810425019853324721 According to Balchunas, Biden’s victory would most probably spell doom for Solana’s ETF products. On the other hand, Donald Trump’s win would open up opportunities for cryptocurrency regulation, as “anything is possible”

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