First Combined BTC-ETH-SOL Spot ETF Expected Soon, Says American ETF Expert

IconCryptoNewsTerminal Staff21 Jul, 2024

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First Combined BTC-ETH-SOL Spot ETF Expected Soon, Says American ETF Expert

Nate Geraci, the CEO of American ETF specialized company ETF Store, stated through X that "in the next few months, there is a possibility that an ETF issuer will submit an application for launching a spot ETF product that combines Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)." Geraci's prediction is based on the increasing interest in crypto ETFs among investors. In 2021, several Bitcoin futures ETFs were approved by the SEC, and there have been numerous applications for spot ETFs in recent months. A spot ETF would allow investors to gain exposure to the underlying asset without having to purchase the asset directly. This would make it easier for investors to invest in cryptocurrencies, and it could also lead to increased demand for BTC, ETH, and SOL. It is important to note that the SEC has not yet approved any spot ETF applications. However, Geraci's prediction suggests that the SEC may be more open to approving these types of products in the future.

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