Ethereum
Ethereum ETFs expected to capture 20% of Bitcoin ETF flows
Following the recent approval of Spot ETF Ethereum Last month, an analyst predicted that the investment vehicle would capture up to 20% of Spot Bitcoin ETF flows. Indeed, Jag Kooner, head of derivatives at cryptocurrency exchange Bitfinex, predicted the performance of the ETH offering.
Ethereum and Bitcoin represent the only two crypto-based ETFs in the United States. Additionally, since its approval in January, BTC has one of the most successful exchange-traded products in the country’s history. Ethereum is now expected to capture a fifth of the flows entering the Bitcoin supply.
Source: Watcher.Guru
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Ethereum ETF to capture 10-20% of Bitcoin ETF flows
As we approach the mid-point of 2024, the year has seen the digital assets sector rise to the forefront. Dominating discussions in the finance space, crypto-based ETFs have played a major role in the ongoing discourse. As the second such review prepares to go live, the market is watching what its debut might look like.
Additionally, they are beginning to wonder what effect its debut might have on the cryptocurrency industry as a whole. With Bitcoin Having enjoyed immense success just five months after its launch, the presence of a secondary offering has undoubtedly become a point of interest.
The recently approved Spot Ethereum ETFs could capture a significant portion of Bitcoin ETF flows, according to an expert. Specifically, Bitfinex Jag Kooner noted that the offering could acquire up to a fifth of overall flows into the digital asset investment offering.
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“Forecasts show that Ethereum spot ETFs could capture between 10% and 20% of the flows that have gone to Bitcoin spot ETFs,” Kooner said. The block. “The launch of gold ETFs provides a historical parallel, because when new gold ETFs were introduced, they attracted significant investment,” Kooner added.
Historically, the launch of these new gold ETFs has affected inflows of already existing investment products. Kooner noted: “Similarly, the introduction of Ethereum ETFs could lead fund managers to reallocate resources to balance their exposure to Bitcoin and Ethereum. »