BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

How Much ETH Will Spot Ethereum ETFs Buy? Will Bitcoin’s Performance Be Seen? Bloomberg Analysts Explained

Bloomberg ETF analysts James Seyffart and Eric Balchunas expressed optimism about the potential demand for spot Ethereum ETFs.
In an interview hosted by Bitwise, Seyffart stated that he expects Ethereum ETFs to see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Balchunas estimates that demand will be around 15% to 20%.
Seyffart's estimate, which he calls a “discount,” is based on the fact that Ethereum's market cap is about 30% of Bitcoin's $1.4 trillion market cap. He attributes the difference in demand to the limitations of each product. Unlike Ethereum holders, Ethereum ETF investors will not be able to stake to generate returns. Additionally, Ethereum's advanced on-chain services will not be accessible to ETF investors.
Related News: Turkey Will Discuss Cryptocurrency Regulation in Parliament This Week: Here's What to Expect
“The gap between Ethereum within an ETF and Ethereum itself is slightly wider than the gap between Bitcoin within the ETF and the actual Bitcoin,” Seyffart said.
Seyffart also noted that Ethereum futures ETFs, which currently hold only 12% of assets compared to U.S. futures ETFs, do not provide a “good proxy” for a prediction. However, Ethereum futures ETFs in foreign markets hold 20% to 30% of assets commensurate with Bitcoin futures ETFs.
Despite these limitations, Seyffart predicts spot Ethereum ETFs will have “major launches,” though not as large as spot Bitcoin ETF launches. “There will be demand,” he concluded.
*This is not investment advice.
Continue Reading: How Much ETH Will Spot Ethereum ETFs Buy? Will Bitcoin’s Performance Be Seen? Bloomberg Analysts Explained

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News