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Former President of The ETF Store: Spot ETFs Are Not "Bag Holders" as BTC and ETH Both Achieve Significant Gains
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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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