Solana (SOL), the fifth-largest cryptocurrency by market cap, has established itself alongside Bitcoin and Ethereum as part of crypto’s Big Three. With Bitcoin and Ethereum already having spot ETFs or about to launch them, it’s likely that Solana will get one too. This could significantly impact SOL, potentially even greater than what we’ve seen with Bitcoin and Ethereum.Therefore, the President of The ETF Store himself believes that issuers might soon apply for a combination of spot ETFs featuring Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). ETF’s Dominating Crypto MarketThis year, spot crypto ETFs have taken the market by storm, attracting billions from investors. The approval of spot Bitcoin ETFs on January 11 brought new hope to the market and set the stage for similar products for Ethereum. The success of Bitcoin ETFs has not only increased investor interest in Ethereum but also pushed Bitcoin prices to $74,000.With Bitcoin and Ethereum ETFs launched, more crypto exchange-traded products are now possible, including a potential ETF for Solana. The success of these initial ETFs shows that investors are eager for more options and managed crypto investments. Combine BTC-ETH-SOL ETF In LineIn a recent tweet post, Nate Geraci, president of The ETF Store, believes that issuers may soon apply for combination spot ETFs that include major cryptocurrencies such as Bitcoin, Ethereum, and Solana.
Prediction…
An ETF issuer will file for combined spot btc, eth, & sol ETF in next few months.
We’re quickly heading down path towards index-based & actively managed crypto ETFs.
— Nate Geraci (@NateGeraci) July 22, 2024
This move is expected to offer investors a diversified exposure to the top-performing digital assets, reflecting the growing interest and maturity in the crypto market.Geraci further noted that the ETF industry is swiftly moving towards the adoption of both index-based and actively managed cryptocurrency ETFs. This transition reflects a growing demand for diversified and strategically managed crypto investment options. By combining major cryptocurrencies like Bitcoin, Ethereum, and Solana into a single ETF, investors would gain exposure to a broader range of assets, potentially reducing risk and increasing investment appeal. Positive Signs for the CryptoThe rise of crypto ETFs marks a big shift, changing the view of crypto from just a speculative asset to a key part of investment portfolios. More involvement from financial institutions adds credibility to crypto assets.More By This Author:WMA: Bitcoin Tops $67K As The Market Continues Its SurgeMAGA Coin Surges 20% – Thanks To Elon Musk Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000?
