Nate Geraci Says BTC: On Monday, Nate Geraci, president of The ETF Store, announced that companies that issue exchange-traded funds will submit. Applications for combining spot Bitcoin, Ethereum, and SOL ETF this year. This prediction is mostly based on exchange-traded fund issuers VanEck and 21Shares’ filings regarding the spot Solana ETF. Exchange-traded funds listed on the Ethereum market have been given preliminary approval to begin trading this week.
Nate Geraci Predicts Combined Spot Bitcoin, Ether, Solana ETF
The positive attitude around the cryptocurrency market shows no signs of abating as traders prepare for the July 23 launch of spot Ethereum ETFs. Market confidence has been further boosted, primarily for the Solana ecosystem, by a prediction made by Nate Geraci, president of The ETF Store. According to Nate Geraci, an issuer will register for a combined spot Bitcoin, Ethereum, and Solaris ETF in the next few months. Following the spot Solana ETF filing with the U.S. Securities and Exchange Commission (SEC) by VanEck and 21Shares, he is optimistic that this will happen soon this year.
Geraci announced that we’re rapidly moving toward index-based and actively managed crypto ETFs. He predicted that index-based and actively managed crypto exchange-traded funds would cause another paradigm shift in the sector. Spot Bitcoin, Ethereum, and Solar Energy ETFs will provide investors diversified holdings. New reference rates and real-time indexes for Ripple’s XRP Ripple’srnet Computer (ICP) have been announced in Ripple’s CME Ripple’senchmarks. July 29 is when these will go live. The CEO of Ripple, Brad Garlinghouse, saw this as good news for the XRP ETF.
Crypto Rises As President Biden Drop Out Of Presidential Race
The surge in Bitcoin and other cryptocurrency markets gained steam after President Joe Biden dropped out of the race to face Republican nominee Donald Trump. Some cryptocurrency analysts, like BitMEX CEO Arthur Hayes, have voiced concerns. Trump would face stiff opposition from a Hillary Clinton administration just before the spot Ethereum ETF launch. The price of Bitcoin soared beyond $68,000, and the price of ETH soared above $3550. More than 43% more cryptocurrency has changed hands in the past day.
Meanwhile, the price of SOL has increased by more than 4% in the last 24 hours, and it is now trading close to $180. The low for the past 24 hours is $171.12, while the high is $184.87. Traders seem more interested in the market, as the trading volume has jumped 77% in the past day.
Regulatory Landscape and Challenges
Cryptocurrency ETF approval is a long and winding road because of worries about it: market manipulation, investor protection, the market’s general maturity, and regulatory agencies. For example, the SEC has taken a cautious approach. However, regulators are being pushed to rethink their position due to the rising demand for regulated investment products and the stronger might of institutional investors.
To safeguard investors, Geraci has pointed out that strict regulatory regulations would almost certainly accompany Bitcoin ETF certification. Strong custody solutions, transparent pricing, and increased openness are all possible steps in this direction. Although these regulations may be difficult for exchange-traded fund (ETF) issuers, they are necessary to establish credibility and trust in the bitcoin market.
Implications for the Cryptocurrency Market
If Ethereum, Bitcoin, and Solana ETFs were to start, the cryptocurrency industry would undergo major shifts. First and foremost, it would open up new investment opportunities in digital assets, which might boost market liquidity and capital inflows. This can potentially lessen cryptocurrency prices’ volatility and increase overall stability.
Additionally, if bitcoin ETFs were to be approved, it would indicate that digital assets are being more widely accepted within the conventional financial system. Further innovation and integration into mainstream banking would be possible after this, and cryptocurrencies would be officially recognized as an asset class. Creating new cryptocurrency-based financial instruments like options and futures could fall under this category.
Conclusion
As Nate Geraci points out, crypto investing opportunities are changing with his predictions. The possible introduction of Bitcoin, Ethereum, and Solana ETFs. These bitcoin ETFs will likely be approved and launched as institutional demand grows and regulatory authorities show more openness to the idea. Cryptocurrency exchange-traded funds (ETFs) could spur additional innovation and growth. The market gives investors a regulated and accessible option to acquire exposure to digital assets. Creating bitcoin ETFs is a huge step in the right direction regarding the future of digital assets in the global financial system.
Also Read: Ethereum ETF Coming In Two Weeks, Price Reversal Soon
