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.
You may also like
Three-year remission rate up to 94%! Johnson & Johnson (JNJ.US) Tremfya Crohn's disease study shows positive long-term results
Long-term data from two Phase 3 clinical trials by Johnson & Johnson show that adult Crohn's disease patients treated with Tremfya (guselkumab) achieved a clinical remission rate of up to 94% over three years.
Kroger (KR.US) faces the largest layoffs in 143 years: cutting one-third of positions, more than 3,000 employees to be let go
Kroger has laid off 3,000 employees, accounting for more than one-third of its total workforce, marking the largest layoff in its 143-year history. The resources saved will be redirected towards price reductions and frontline operations.
RBA Minutes: Case for rates to act promptly to keep inflation expectations anchored
Crypto prices
More
