As a seasoned researcher with years of experience navigating the complex world of cryptocurrencies and ETFs, I must say that the recent predictions by Analyst Nate Geraci about potential spot ETF products for Cardano (ADA) and Avalanche (AVAX) have certainly piqued my interest.
According to analyst Nate Geraci, it’s likely that companies offering Exchange-Traded Funds (ETFs) will soon apply for funds that follow the price movements of Cardano (ADA) and Avalanche (AVAX). In simpler terms, we might see ETF products in the near future that mirror the performance of these two cryptocurrencies.
Many companies could find themselves drawn to participate in the competition for altcoin Exchange Traded Funds (ETFs) because of a much more favorable regulatory climate.
As reported by U.Today, there are already several altcoin ETF proposals for XRP and Solana (SOL).
Back in May, the SEC approved multiple Exchange-Traded Funds (ETFs) based on Ethereum (ETH). Yet, the interest in these ETFs has been comparatively less than the Bitcoin ETFs that debuted earlier this year.
As reported by U.Today, BlackRock has already ruled out launching more altcoin ETFs.
Over the past ten months, the combined net asset value of Bitcoin ETFs has surpassed the $100 billion mark. Since the beginning of the election, these investment products have drawn in approximately $4.1 billion.
Bitcoin ETFs recently attracted renewed attention due to the launch of spot ETF options.
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2024-11-21 11:17