Nate Geraci, President of the ETF Store, predicts a financial firm will soon file for a combined spot Bitcoin, Ethereum, and Solana ETF as the U.S. Securities and Exchange Commission (SEC) considers approving Ethereum ETFs.
The Chicago Board Options Exchange (CBOE) plans to launch five spot Ethereum ETFs on July 23, if they receive regulatory approval. This comes after the regulator approved the change of rules regarding spot Ether ETFs on May 23.
The five ETFs expected to be listed for trading are the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF. Again, to gain investors, many issuers intend to propose fee reductions soon.
Despite the Ethereum ETFs being in the pipeline, other crypto assets such as Solana are not without challenges in obtaining ETF approval. As rightly highlighted by the Bloomberg ETF analyst James Seyffart, these assets require a regulated market for tracking them against fraud and manipulations.
On the other hand, Solana is proposed by crypto investor Brian Kelly to be the next cryptocurrency that could achieve the listing of the spot ETF in the U.S. According to Kelly, Bitcoin, Ethereum, and Solana are the market leaders in this cycle.
Recent Santiment data show a decline in Bitcoin addresses, which could signal a market rebound. However, other indicators reveal a rise in mining profit as a percentage of Bitcoin’s cost.
Nate Geraci’s prediction of a combined Bitcoin, Ethereum, and Solana ETF aligns with the CBOE’s plan to launch five Ethereum ETFs, signaling significant developments in cryptocurrency investment.
Also Read: US Spot Bitcoin ETFs Surpass $17 Billion in Net Inflows
