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    Home»Crypto News»Prime Analyst on Crypto ETF Filings: ‘The Floodgates Have Opened’
    Prime Analyst on Crypto ETF Filings: ‘The Floodgates Have Opened’
    Crypto News

    Prime Analyst on Crypto ETF Filings: ‘The Floodgates Have Opened’

    By Crypto EditorJanuary 27, 2025No Comments2 Mins Read
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    Analyst Nate Geraci has predicted yet one more wave of exchange-traded funds (ETFs) filings. 

    Now that the “floodgates have opened,” Geraci expects issuers to start out testing regulatory boundaries.

    Final week, there was a formidable variety of new crypto ETF filings. On Jan. 24, Grayscale filed a 19b-4 type for a Solana ETF with the New York Inventory Alternate (NYSE). 

    On high of that, the crypto-focused asset administration agency additionally filed for the Grayscale Bitcoin Adopters ETF. The proposed product will present publicity to corporations that maintain the flagship cryptocurrency as a treasury asset. 

    CoinShares additionally filed for Litecoin and XRP ETFs within the U.S. 

    Spot Bitcoin ETFs attracted practically $2 billion price of inflows final week. 

    In the meantime, the value of the main cryptocurrency has plunged beneath the $100,000 stage after plunging by roughly 5% over the previous 24 hours. 

    Disclaimer: The opinions expressed by our writers are their
    personal and don’t characterize the views of U.At this time. The monetary and market data
    supplied on U.At this time is meant for informational functions solely. U.At this time is just not
    answerable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct
    your individual analysis by contacting monetary specialists earlier than making any funding
    choices. We consider that each one content material is correct as of the date of publication,
    however sure affords talked about might now not be accessible.



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