The ETF Store Predicts a Combined Spot Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) ETF Will Be Filed in the Next Few Months
- PHPzOriginal
- 2024-07-22 21:38:24811browse
The cryptocurrency ETF landscape is expected to see a significant shift with the potential arrival of a combined ETF spot Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This prediction comes from Nate Geraci, President of The ETF Store, who anticipates an ETF issuer filing for such a product in the coming months.
An ETF issuer is expected to file for a combined spot Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) ETF in the coming months, according to Nate Geraci, President of The ETF Store.
Geraci anticipates that this filing will follow the recent announcement by the Chicago Board Options Exchange (CBOE) of five spot Ethereum ETFs set to launch on July 23, pending regulatory approval.
However, approval for Solana ETFs is unlikely without further regulatory changes, as highlighted by Bloomberg's ETF analyst, James Seyffart.
Solana’s Strong Contender Status For Next Combined ETF
Despite this, some believe Solana could be the next candidate for a spot ETF in the U.S. Well-known crypto investor Brian Kelly sees Bitcoin, Ethereum, and Solana as the “big three” for the current crypto cycle.
Solana's growing popularity and adoption by developers make it a strong contender for a future ETF, according to Kelly and others.
Bitcoin Investor Metrics Suggest Bullish Outlook
On another note, on-chain analytics firm Santiment observed a recent decline in Bitcoin wallet addresses holding BTC, which could be a positive sign for investors. Historically, such mass liquidations have been followed by rebounds, presenting a potential buying opportunity for those interested in holding Bitcoin for the long term.
Also, CryptoQuant founder Ki Young Ju noted the significance of over-the-counter (OTC) markets compared to centralized exchanges in assessing institutional accumulation, highlighting the role of large whale wallets, including spot ETFs and custodial services, in acquiring a substantial portion of the circulating supply this year.
The above is the detailed content of The ETF Store Predicts a Combined Spot Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) ETF Will Be Filed in the Next Few Months. For more information, please follow other related articles on the PHP Chinese website!