Spot Ethereum ETFs may soon catch up to Bitcoin, as analysts suggest that the SEC’s decisions could have a significant impact on the future of ETH ETFs. Despite being approved by the SEC, spot Ethereum ETFs have not yet started trading, leading to speculation that they may not attract as much investment as Bitcoin ETFs.
According to Jag Kooner, head of derivatives at Bitfinex, spot Ethereum ETFs have the potential to capture a fifth of spot Bitcoin ETF investment flows once they hit the market. Kooner emphasized the importance of the SEC’s stance on staking for ETH ETFs, noting that incorporating staking could change the game for Ethereum.
Institutional fund managers are said to be eagerly seeking out diverse investment products, with Kooner drawing parallels to the impact of spot Gold ETFs on gold trading. He believes that spot ETH ETFs could revolutionize Ethereum trading, given the platform’s various use cases.
At the time of writing, Ethereum is trading at $3,670. It is worth noting that this information is not investment advice. For those interested in investing in over 300 cryptocurrencies, Binance exchange offers a 20% commission discount through this link. Stay updated on the latest news, analytics, and on-chain data by following our Telegram and Twitter accounts.
