Nate Geraci, president of The ETF Store, predicts a combined spot ETF including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). With spot Ethereum ETFs set to trade on July 23, the crypto market continues its bullish trend.
This combined ETF would offer diversified holdings to investors, marking a shift towards index-based and actively managed crypto funds. Geraci believes this development will significantly impact the crypto industry.
Notably, CME and CF Benchmarks will launch new reference rates for Ripple’s XRP and Internet Computer (ICP) on July 29, which Ripple CEO Brad Garlinghouse views as a positive step for XRP ETFs.
Amid this, Bitcoin prices surpassed $68,000, and Ethereum hit $3550 as the market volume surged by more than 43%. Solana also saw a 4% price increase, trading near $180, with trading volume up by 77%, indicating rising trader interest.
This move towards a combined ETF represents a strategic shift in the crypto investment landscape, potentially increasing accessibility and diversified investment options for traders.
