Analyst Nate Geraci prophesy Another wave of exchange-traded fund (ETFS) filings.
Now that the “flood gates” have opened, Geraci expects exporters to begin testing regulatory limits.
Last week, there were an impressive number of new Crypto ETF filings. On January 24, Grayscale filed Form 19B-4 for the Solana ETF with the New York Stock Exchange (NYSE).
Furthermore, the crypto-focused asset management firm has also come forward with a Bitcoin ETF. The proposed product will provide exposure to companies that hold the leading cryptocurrency as a Treasury asset.
Coinshares has also introduced Litecoin and XRP ETFs in the US
Bitcoin Spot ETFs attracted about $2 billion in inflows last week.
Meanwhile, the price of the leading cryptocurrency fell below $100,000 after falling nearly 5% over the past 24 hours.
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