Expert Predicts New ETF Combining Bitcoin, Ethereum, and Solana Will Hit the Market Soon!
Nate Geraci predicted that a new ETF combining Bitcoin, Ethereum, and Solana is expected soon, offering investors exposure to all three cryptocurrencies in one fund.
Recently, ETFStore President Nate Geraci predicted that in the coming months, an ETF issuer firm will be able to file for a combined spot BTC, ETH, and SOL ETF. This means that a single ETF would include Bitcoin, Ethereum, and Solana, allowing investors to gain exposure to all three cryptocurrencies in one fund.
Geraci also suggests that the trend in the ETF market is moving towards more diversified and sophisticated products. This includes index-Based Crypto ETFs & actively Managed Crypto ETFs.
Index-Based Crypto ETFs
These ETFs would track a specific index of multiple cryptocurrencies, offering broad market exposure in a single investment.
Actively Managed Crypto ETFs
Unlike index-based ETFs that passively track a set of assets, actively managed ETFs involve fund managers making strategic decisions about buying and selling cryptocurrencies to outperform the market.
Overall, Geraci is indicating that the ETF market for digital assets is growing rapidly, with the ETF issuers looking to create more innovative and varied investment options for both retail and institutional investors.
This development is seen as a natural progression towards more complex and potentially more rewarding investment products in the crypto space.
It is worth noting that Geraci’s prediction appears promising from every perspective. We have already seen the approval of Bitcoin spot ETF applications, which seemed impossible in 2023, and recently, we saw trading approval for Ethereum spot ETF, which was totally unexpected even though Bitcoin spot ETF applications were approved by the SEC in January.
Now, at this phase, the majority of crypto investors are looking toward Solana as the most promising cryptocurrency to profit from, as it might be the next crypto spot ETF product.
Read also: Crypto Skeptic SEC Finally Approves Trading for ETH Spot ETF Applications
