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BNB
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XRP
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Bitcoin
Bitcoin (BTC)
$95,760.00 -2.42483
Bitcoin price
Ethereum
Ethereum (ETH)
$3,583.64 -6.66748
Ethereum price
BNB
BNB (BNB)
$662.69 -7.88192
BNB price
Solana
Solana (SOL)
$209.64 -7.02791
Solana price
XRP
XRP (XRP)
$2.06 -14.18651
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000252 -16.56326
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000231 -17.49605
Pepe price
Bonk
Bonk (BONK)
$0.0000343 -22.27033
Bonk price
dogwifhat
dogwifhat (WIF)
$2.72 -22.13557
dogwifhat price
Popcat
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$1.07 -19.46607
Popcat price
Bitcoin
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$95,760.00 -2.42483
Bitcoin price
Ethereum
Ethereum (ETH)
$3,583.64 -6.66748
Ethereum price
BNB
BNB (BNB)
$662.69 -7.88192
BNB price
Solana
Solana (SOL)
$209.64 -7.02791
Solana price
XRP
XRP (XRP)
$2.06 -14.18651
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000252 -16.56326
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000231 -17.49605
Pepe price
Bonk
Bonk (BONK)
$0.0000343 -22.27033
Bonk price
dogwifhat
dogwifhat (WIF)
$2.72 -22.13557
dogwifhat price
Popcat
Popcat (POPCAT)
$1.07 -19.46607
Popcat price
Bitcoin
Bitcoin (BTC)
$95,760.00 -2.42483
Bitcoin price
Ethereum
Ethereum (ETH)
$3,583.64 -6.66748
Ethereum price
BNB
BNB (BNB)
$662.69 -7.88192
BNB price
Solana
Solana (SOL)
$209.64 -7.02791
Solana price
XRP
XRP (XRP)
$2.06 -14.18651
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000252 -16.56326
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000231 -17.49605
Pepe price
Bonk
Bonk (BONK)
$0.0000343 -22.27033
Bonk price
dogwifhat
dogwifhat (WIF)
$2.72 -22.13557
dogwifhat price
Popcat
Popcat (POPCAT)
$1.07 -19.46607
Popcat price

ETF store president Nate Geraci hints at upcoming spot ETFs 

News
ETF store president Nate Geraci hints at upcoming spot ETFs 

Nate Geraci, President of the ETF store, shared that major players are interested in new crypto index funds.

In a recent X post, Nate Geraci shared that established asset managers like Grayscale and Bitwise are open to new crypto index funds with a focus on Solana (SOL), Ripple (XRP) and Hedera (HBAR). This is a step in the right direction, as believed by the crypto community, as asset managers are beginning to look beyond just Bitcoin and Ethereum. Geraci noted that asset managers are looking to expand their portfolios to include other popular digital currencies in the exchange-traded funds market. 

The move toward altcoin ETFs indicates a growing interest among institutional investors seeking more diverse exposure to cryptocurrencies. SOL has gained attention due to its scalability and lower transaction fees. VanEck recently filed a spot ETF to capitalize on its growing ecosystem.

On the other hand, XRP has been in the headlines after attaining clarity regarding legality over its status as a security, which led to Bitwise asset management filing for an XRP spot ETF, showing their confidence in the prospect of the asset going long-term. Moreover, earlier this month, HBAR, powered by a robust distributed ledger, is one of the assets attracting ETF filing, in which Canary Capital submitted an S-1 registration statement, typically used during initial public offerings.

Geraci also surmised that issuers might soon begin filing for other well-known cryptocurrencies, such as Cardano (ADA) and Avalanche (AVAX). Both assets come with robust blockchain ecosystems. ADA emphasizes the security and scalability involved in its proof-of-stake consensus. At the same time, AVAX stands out for sub-second finality and a multi-chain architecture.

Still, as the need for crypto exposure increases and regulatory clarity improves, market participants remain optimistic that 2024 could witness a breakthrough for more altcoin ETFs.