Bitcoin, Ethereum, and Solana Combined ETF Incoming as SEC Considers Approving Ethereum ETFs

Nate Geraci, President of the ETF Store, predicts a financial firm will soon file for a combined spot Bitcoin, Ethereum, and Solana ETF as the

The U.S. Securities and Exchange Commission (SEC) is considering approving several Ethereum ETFs, which could pave the way for a combined spot Bitcoin, Ethereum, and Solana ETF, according to Nate Geraci, President of the ETF Store.

The Chicago Board Options Exchange (CBOE) is planning to launch five spot Ethereum ETFs on July 23, pending regulatory approval. The move comes after the regulator approved a rule change for spot ether ETFs on May 23.

The five ETFs that are expected to be listed for trading are the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF. Several issuers are also planning to file for fee reductions to attract investors.

While the Ethereum ETFs are making progress, other crypto assets like Solana are facing challenges in getting ETF approval. As Bloomberg ETF analyst James Seyffart highlights, these assets need a regulated market to track them for fraud and manipulation.

However, crypto investor Brian Kelly is suggesting Solana as the next cryptocurrency that could get a spot ETF listed in the U.S. According to Kelly, Bitcoin, Ethereum, and Solana are the market leaders in this cycle.

Recent data from Santiment shows a decrease in Bitcoin addresses with 100 BTC, which could indicate a market rebound. But other metrics suggest an increase in mining profit as a percentage of Bitcoin cost.

Geraci’s prediction of a combined Bitcoin, Ethereum, and Solana ETF aligns with the CBOE’s plan for five Ethereum ETFs, indicating major developments in cryptocurrency investment.

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