Hedera

Avalanche

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 (<a rel="" href="https://crypto.news/price/solana/">SOL</a>), Ripple (<a rel="" href="https://crypto.news/price/xrp/">XRP</a>) and Hedera (<a rel="" href="https://crypto.news/price/hedera/">HBAR</a>). 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.&nbsp; 
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. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 In addition to crypto index fund uplistings from Grayscale &amp; Bitwise, there are currently spot ETF filings for the following… -SOL -XRP -HBAR Guessing at least one issuer takes a flier on ADA or AVAX ETF as well.— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1859406227068932213?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 21, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
 You might also like: <a rel="" href="https://crypto.news/trumps-team-vets-for-first-white-house-crypto-role/"> Trump’s team vets for first White House crypto role </a> 
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<a rel="" href="https://crypto.news/franklin-templeton-crypto-index-etf-delayed-by-sec/"> ETF</a>, 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 <a href="https://www.canary.capital/" target="_blank" rel="nofollow">Canary Capital</a> submitted an S-1 registration statement, typically used during initial public offerings. 
 You might also like: <a rel="" href="https://crypto.news/can-solana-flip-ethereum-whats-means-for-your-holdings/"> Can Solana flip Ethereum? Find out what’s at stake for your crypto holdings </a> 
Geraci also surmised that issuers might soon begin filing for other well-known cryptocurrencies, such as Cardano (<a rel="" href="https://crypto.news/price/cardano/">ADA</a>) and Avalanche (<a rel="" href="https://crypto.news/price/Avalanche/">AVAX</a>). Both assets come with robust blockchain ecosystems. ADA emphasizes the security and scalability involved in its <a rel="" href="https://crypto.news/buterin-outlines-next-steps-for-ethereums-proof-of-stake-evolution/">proof-of-stake consensus</a>. 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. 
 Read more: <a rel="" href="https://crypto.news/what-does-it-mean-to-burn-crypto/"> What does it mean to burn crypto? Crypto burning explained </a>

ETF store president Nate Geraci hints at upcoming spot ETFs

crypto.news

Other articles published on Nov 21, 2024

Toncoin’s Market Cap Surge Threatens Shiba Inu’s Position

Network Outage Hits Sui, Community Reacts

Countdown: 30 Days until the end of presale for the hot crypto project

FBI Arrests Five in Crypto Hacking and Data Theft Case

Sky Protocol’s Flagship Stablecoin $USDS Expands to Solana

Can Agant’s GBPA Redefine the Pound in the Digital Age?

Join our free newsletter for daily crypto updates!