-Bloomberg ETF analysts James Seyffarth and Eric Balchunas expressed optimism about the potential demand for spot Ethereum ETFs.
In an interview conducted by Bitwise, Seyffarth said that he believes demand for etherium ETFs will account for 20-25% of the demand for spot #bitcoin ETFs. Balchunas estimated demand would be between 15 and 20%.
Seyffarth's estimate, which he calls a "discount," is based on the fact that Ethereum's market value is about 1.4 percent of Bitcoin's $30 trillion market value. He attributes the difference in demand to the limitations of each product. Unlike #EarnFreeCrypto2024 holders, Ethereum #ETF investors cannot bet for profit. In addition, Ethereum's advanced network service is not available to ETF investors.
The gap between the Ethereum ETF and Ethereum itself is slightly larger than the gap between the bitcoin ETF and real bitcoin," Seyffarth said.
Seyffarth also noted that the Ethereum Futures Etf, which currently holds just 12% of assets compared to the U. S. Futures Etf, is not a "good vehicle" for forecasting. However, Ethereum futures ETFs in foreign markets have 20-30% of assets comparable to bitcoin futures ETFs.
Despite these limitations, Seyffarth predicts that an Ethereum spot Etf will not be as large as a bitcoin spot Etf, but will have a "massive launch. " "There will be demand," he concluded.
Please note: there will be plenty of economic and altcoin-related events in the new week - here's a calendar you can follow day by day...
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