Ether ETFs May Surpass Bitcoin ETFs in Popularity: VanEck
VanEck, the global investment firm whose Bitcoin Trust (HODL) is one of the top ten bitcoin ETFs that became available earlier this year, believes an ether ETF could generate massive demand.
Their Portfolio Managers believe that the market size for a spot ETH ETF could be as large as the BTC ETFs. They also believe that ETH could make more sense as an asset for more people than Bitcoin. However, the likelihood of SEC approval for spot ETH products is being determined.
Bloomberg analysts recently lowered the chances of regulatory approval to 30%. However, VanEck’s portfolio managers believe the odds are 50%.
(With inputs from Shikha Singh)
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