Nate Geraci, President of the ETF Store, has forecasted the imminent filing of a unified ETF including Bitcoin, Ethereum, and Solana by a financial firm, aligning with the SEC’s current review of Ethereum ETFs. The Chicago Board Options Exchange (CBOE) is preparing to launch five Ethereum ETFs tied to spot prices on July 23, pending regulatory approval. This development follows the SEC’s recent approval of rule amendments about spot Ether ETFs on May 23.
The upcoming ETFs available for trading include the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF. Many of these ETF providers plan to lower their fees soon to attract investors.
While Ethereum ETFs are progressing, other cryptocurrencies like Solana face difficulties getting approval for their ETFs. This is because they need a regulated market to prevent fraud and manipulation, as explained by Bloomberg ETF analyst James Seyffart.
On another note, crypto investor Brian Kelly believes Solana could be the next cryptocurrency to get a spot ETF listed in the U.S., alongside Bitcoin and Ethereum, which he thinks are leading the current market cycle.
Recent data from Santiment shows a decrease in Bitcoin addresses, which might suggest a market recovery. However, other data indicates that mining Bitcoin has become more profitable compared to its cost.
Nate Geraci’s prediction of a combined ETF for Bitcoin, Ethereum, and Solana matches the CBOE’s plan to introduce five Ethereum ETFs, showing significant progress in making cryptocurrency investments more accessible.
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