CandleFocus ETF store president Nate Geraci hints at upcoming spot ETFs
2024-11-21
Author: Content Editor
Nate Geraci, President of the ETF store, has shared that major asset managers like Grayscale and Bitwise are open to launching new cryptocurrency index funds. These index funds would focus on altcoins such as Solana (SOL), Ripple (XRP), and Hedera (HBAR), indicating a growing interest among institutional investors for more diverse exposure to cryptocurrencies. The move towards altcoin ETFs suggests that asset managers are looking to expand their portfolios beyond just Bitcoin and Ethereum. Geraci also suggested that issuers may soon file for other well-known cryptocurrencies like Cardano (ADA) and Avalanche (AVAX). Overall, market participants are optimistic that 2024 could be a breakout year for altcoin ETFs as the demand for crypto exposure increases and regulatory clarity improves.
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