Former President of The ETF Store: Spot ETFs Are Not "Bag Holders" as BTC and ETH Both Achieve Significant Gains
According to ChainCatcher, former president of The ETF Store, Nate Geraci, stated that while some have referred to crypto spot ETFs as "exit liquidity," the data tells a different story. When Bitcoin spot ETFs launched in January 2024, the price was $47,000, and it has since risen to $123,000. Similarly, when Ethereum spot ETFs launched in July 2024, the price was $3,500, and it has now increased to $4,700.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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