Shocking!!! Absolutely shocking!!!

Shocking!!! Absolutely shocking!!!

Shocking Bloomberg analyst's super bold prediction on the demand for spot Ethereum ETF is here!

According to PANews on May 25, a report from CryptoSlate claimed that Bloomberg's super powerful ETF analyst James Seyffart actually threw out an eye-popping view: the demand for spot Ethereum ETF has the potential to soar to 20% to 25% of the spot Bitcoin ETF! Seyffart boldly made this point in the interview hosted by Bitwise, and also specifically mentioned that another Bloomberg ETF analyst Eric Balchunas believes that the demand for the new fund will reach 15% to 20% of the spot Bitcoin ETF!

Seyffart compared these two estimates with the fact that ETH accounts for about 30% of Bitcoin's $1.4 trillion market value, saying that there is a certain degree of underestimation. He also attributed the difference to certain limitations of each product. Ethereum ETF issuers will not participate in staking, which means that unlike ETH holders, ETF investors will not be able to earn returns. Moreover, Ethereum has greater on-chain utility than Bitcoin, but ETF investors have no chance to enjoy it.

Seyffart also claimed that compared with futures ETFs in the United States, Ethereum futures ETFs only account for 12% of assets, which does not provide a "high-quality sample" for estimation. In foreign markets, Ethereum futures ETFs account for 20% to 30% of Bitcoin futures ETFs. In the end, he boldly predicted that the spot Ethereum ETF will usher in a "large-scale issuance", but it is still not as good as the spot Bitcoin ETF!

#现货以太坊ETF获美SEC批准 #ETH #5月市场关键事件 #山寨币热点 #新币挖矿指