Nate Geraci, president of The ETF Store, shares Nexo's eccentric ETF proposal submitted to SEC
Unique spot Bitcoin and Carbon Credits Futures ETF S-1 proposal was submitted to U.S. SEC by fintech heavyweight Nexo. Nate Geraci, a top crypto ETFs expert, is optimistic about its prospects.Nexo 7RCC, the first-ever exchange-traded fund based on spot Bitcoin and Carbon Credit Futures, might be soon approved by the SEC. Its potential issuer just submitted an S-1 form to the U.S. watchdog, The ETF Store's Nate Geraci shared with his 53,000 followers on X.
As covered by U.Today previously, major cryptocurrency lender Nexo rebranded into wealth management service for ultra-high-net worth individuals in Q4, 2024.Announced on 2024 Bitcoin Whitepaper Day, Nexo's rebrand is set to introduce crypto-centric wealth management solutions to the TradFi segment.Meanwhile, after a multi-week rally, spot Bitcoin ETFs in the U.S. are taking a breath. The total AUM of all products in this category is bleeding for the third day in a row. AsOn Dec.
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