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.
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