Nate Geraci, CEO of ETF Store, predicted that an exchange-traded fund (ETF) combining Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) could be launched soon. Geraci's track record of predicting trends in the cryptocurrency ETF field lends considerable weight to his predictions.
This move could diversify the way investors engage with cryptocurrencies by combining traditional investment mechanisms with the digital asset space. Ultimately, this means that the variety of cryptocurrency investment products available to investors could expand.
Nate Geraci’s Index-Based Cryptocurrency ETF Forecast
Geraci suggested that issuers could soon apply for an ETF combining spot BTC, ETH, and SOL ETFs.
“We are moving quickly toward an index-based, actively managed cryptocurrency ETF,” Geraci said .
Read more: Solana ETF Explained: What It Is and How It Works
Despite Geraci's optimism, not everyone shares his confidence. Skeptics point to regulatory hurdles, especially those related to Solana.
“Solana has already been the target of enforcement actions for being an unregistered security. “I don’t think the SEC will approve any kind of spot ETF until it’s been litigated in the courts for years,” commented one X user.
However, the SEC has already approved separate spot ETFs for Bitcoin and Ethereum, a progressive step toward broader acceptance of cryptocurrencies among official investment vehicles. Experts predicted that the Ethereum spot ETF could begin trading tomorrow .
These developments could pave the way for more complex ETF structures, including those proposed for Solana .
Additionally, the Chicago Board of Options Exchange (CBOE) recently took an important step by filing Form 19b-4s for the Solana ETF. This form invites public comment and is an important step in the SEC's evaluation process that reflects actions it has previously taken on Bitcoin and Ethereum ETFs.
Industry leaders, including Matthew Siegel of Van Eck's digital asset research team, noted that while the CME futures market is not required for cryptocurrency ETF approval, widespread regulatory acceptance could depend on these developments or a change in SEC leadership.
Political changes may affect regulatory approaches. The political environment is ripe for change as President Joe Biden decides not to run for re-election . A potential leadership change at the SEC could have a greater impact on regulatory attitudes toward cryptocurrencies, especially if Donald Trump, who has expressed support for the cryptocurrency sector, regains the presidency.
Read more: Ethereum ETF explained: What it is and how it works
Speculation is rife about the new administration's future SEC appointments. Dan Gallagher, currently Robinhood's chief legal officer and former SEC commissioner, is being considered to replace current SEC Commissioner Gary Gensler. These changes could have a significant impact on the prospects for approval of financial products such as bundled cryptocurrency ETFs.
