Multi-Crypto ETF Filings Expected in Coming Months, ETF Store President Says
The post Multi-Crypto ETF Filings Expected in Coming Months, ETF Store President Says appeared on BitcoinEthereumNews.com.
Coinspeaker Multi-Crypto ETF Filings Expected in Coming Months, ETF Store President Says Nate Geraci, the President of ETF Store, has forecasted that an ETF issuer will soon file for a combined spot Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) ETF. Geraci highlighted the rapid progression toward index-based and actively managed crypto ETFs. This forecast aligns with evolving regulatory landscapes and increasing investor demand for diversified crypto investment options. Multi-Crypto ETFs on the Way? The concept of multi-crypto ETFs, while still far-fetched for now, is gaining traction as institutional and retail interest grows. Nate Geraci’s prediction comes at a time when the market is experiencing a huge shift in the regulatory landscape, and the demand for crypto ETFs is rapidly rising. Bitcoin ETFs have accumulated $17 billion in inflows, while Ethereum ETFs are projected to attract $15 billion in their first year of trading. Prediction… An ETF issuer will file for combined spot btc, eth, & sol ETF in next few months. We’re quickly heading down path towards index-based & actively managed crypto ETFs. — Nate Geraci (@NateGeraci) July 22, 2024 New ETF designs and risk management methods could tackle current issues, making it easier to create hybrid ETFs that focus on well-known cryptocurrencies or specific themes. As asset managers get ready for a move towards more varied and volatile ETF options, multi-crypto ETFs might soon become a reality. A multi-crypto ETF is an investment fund that holds a diversified portfolio of cryptocurrencies, such as Bitcoin, Ethereum, and Solana, within a single security. This type of ETF offers investors broad exposure to the crypto market, spreading risk across multiple assets and reducing the impact of volatility. Ethereum ETFs to Begin Trading This Week The Chicago Board Options Exchange (Cboe) recently revealed that five spot Ethereum ETFs will start trading on July 23,…
Filed under: News - @ July 22, 2024 11:18 am