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.
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