Crypto Blog
U.S. regulators will likely reject Ethereum spot ETFs – and crypto won’t put up much of a legal fight for it, according to Bloomberg ETF analyst Eric Balchunas.
“I would question this as Ether futures only ETFs have 4% of the assets that bitcoin futures have,” Balchunas wrote. “That’s a lot of time and money for something that may only get a fraction of the aum.” By comparison, the ProShares Ether Strategy ETF launched roughly two years later pulled a dearth of the same investor interest, and now only holds a $72 million AUM. It’s a potential sign that institutional investors don’t have the same appetite for the second-largest digital asset.
“The better comparison here is GBTC and ETHE where GBTC was $30bil assets under management pre conversion and ETHE was $7.3bil,”
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