Ethereum

Solana

Bitcoin

<p>The president of ETF Store, <a href="https://www.thecoinrepublic.com/2024/07/11/3-altcoins-to-rally-as-analysts-predict-looming-alts-season/">Nate Geraci</a>, believes that an ETF issuer will soon apply for a combined <a href="https://www.thecoinrepublic.com/2024/07/14/spot-bitcoin-etfs-record-310m-inflows-best-since-early-june/">spot Bitcoin ETF</a>, Ethereum, and <a href="https://www.thecoinrepublic.com/2024/07/10/sec-review-of-solana-etfs-could-shift-with-election-outcome/">Solana ETF</a>. This prediction is consistent with the increasing popularity of index-based and actively managed crypto ETFs. <a href="https://x.com/NateGeraci/status/1815209141733822909">Geraci expects</a> the filing to happen in the next few months.</p> 
<h2 class="wp-block-heading" id="h-fee-waivers-planned-for-ethereum-crypto-etfs"><strong>Fee Waivers Planned for Ethereum Crypto ETFs</strong></h2> 
<p>The U.S. Securities and Exchange Commission (SEC) may approve ETFs tied to Ethereum. <a href="https://www.thecoinrepublic.com/2024/05/22/all-eth-etf-applicants-filed-amendment-19b-4-with-sec-via-cboe/">CBOE</a> revealed five spot Ethereum ETFs that will start trading on July 23. These ETFs include the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.</p> 
<p>The SEC approved rule changes on May 23 to permit spot Ether ETFs to be listed. However, the launch will be contingent on the final regulatory approval of each fund issuer’s S-1 registration statements. In an attempt to capture market share, most issuers are planning to waive or discount fees for some time.</p> 
<h2 class="wp-block-heading" id="h-issues-for-other-crypto-etfs"><strong>Issues for Other Crypto ETFs</strong></h2> 
<p>However, approving other crypto ETFs besides<a href="https://www.thecoinrepublic.com/2024/07/21/ethereum-etfs-vs-bitcoin-etfs-which-spot-funds-will-have-the-better-trading-start/"> Bitcoin</a> and Ethereum is challenging due to the existing regulatory procedures. According to Bloomberg ETF analyst James Seyffart, it is crucial to have regulated markets to watch assets for fraud and manipulation. This means that the approval of other crypto ETFs, such as Solana, is highly improbable without such a market.</p> 
<p>Brian Kelly from BKCM Digital Asset Fund stated on CNBC’s Fast Money that Solana could be the next cryptocurrency to get an ETF in the US. This speculation contributes to the ongoing discussion on the future of crypto ETFs.</p> 
<h2 class="wp-block-heading" id="h-whale-wallets-acquire-9-of-bitcoin-supply"><strong>Whale Wallets Acquire 9% of Bitcoin Supply</strong></h2> 
<p>According to the latest information from Santiment, the number of Bitcoin wallet addresses with BTC has decreased. Although this may sound negative, Santiment believes that the market is more likely to make a comeback. Positive changes usually follow these kinds of mass liquidations in the market.</p> 
<p>Furthermore, based on the Glassnode metrics, the proportion of the BTC supply in profit has dropped to 89.43%. However, other indicators suggest that the market is in the green zone. Ki Young Ju, the founder of CryptoQuant, noted that OTC markets are now beating centralized exchanges, indicating institutional buying.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfyrf_jfGJ8FCNTOh0Qc4xWPN6pXg4nQGmAEh0wvqgx_KtqKUkbqy99hh9RN4PuJNR5_l2a4QEbix0YnPUI-gBo8uG-Bk9wicZGp4FZw2-fVgQRjT8xJ5JCxG1qqB2sXbIEpeNCUc-Rdr4G-nqKcsOm1rDv?key=-IJeNEUmmhw_CwULvyVy0w" alt="Crypto ETF">
</figure> 
<p><em>Source: </em><a href="https://x.com/ki_young_ju/status/1813628483160977763"><em>X</em></a></p> 
<p>Whale wallets, including spot ETFs and custodial wallets, have bought 1.45 million Bitcoin this year, equivalent to approximately 9% of the circulating supply. Such entities receive more than the total annual volume, with 100,000 BTC flowing weekly.</p> 
<h2 class="wp-block-heading" id="h-etf-issuers-plan-low-fees-to-compete"><strong>ETF Issuers Plan Low Fees to Compete</strong></h2> 
<p>Such a move, which will see all spot Bitcoin, Ethereum, and Solana ETFs filed at once, is a giant leap in the crypto investment field. This is in line with Geraci’s prediction that the industry will gradually shift towards a broader and more elaborate range of products that include cryptocurrencies. Other forms of ETFs could be available in the market as more jurisdictions lighten their laws on cryptocurrencies.</p> 
<p>Thus, the issuers of ETFs want to get to the market as soon as possible and, therefore, offer low fees. This strategic plan is to capture market share and lure more investors. Approving the combined crypto ETFs would give investors general exposure to the major digital currencies.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/22/etf-store-pres-sees-combined-crypto-etf-filing-soon/">ETF Store Pres Sees Combined Crypto ETF Filing Soon</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

ETF Store Pres Sees Combined Crypto ETF Filing Soon

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