Bloomberg analyst Eric Balchunas suggests Ether ETFs will be overshadowed by Bitcoin ETFs, predicting lower inflows for the upcoming Ether ETF launch.
Inflows from the Ether ETF launch may disappoint compared to the record-breaking inflows generated by the launch of the U.S. spot Bitcoin ETFs The incoming Ether-based exchange-traded funds may only be a “sidekick” to the more established spot Bitcoin ETFs.
“Bitcoin is like enough crypto hot sauce. You’re like, you know I’m good. These things move together anyway… Ethereum is harder to explain… but I’m just seeing it being a sidekick .”ecosystem is more akin to a tech stock, which makes it harder to understand for traditional retail investors, Balchunas explained.Some experts suggest that the Ether ETF may disappoint because the industry is comparing it to the Bitcoin ETF launch, which is one of the most successful ETF launches in history. However, Ophelia Snyder, the co-founder of 21Shares, expects the Ether ETF launch to perform well in terms of inflows. She told Cointelegraph: “The idea that is the standard is not realistic. will be a successful ETF launch. It will do significantly better than the average ETF. I think it will probably do in the top decile of ETF launches ever.” The U.S. spot Bitcoin ETFs amassed over $701 million worth of Bitcoin within the first week and over $540 billion within the second week of trading, Dune dataHowever, Gensler remained tight-lipped about whether the ETFs could go live before the November election. “It’s really about the asset managers making the full disclosure so that those registration statements can go effective.”
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