🚨Ethereum ETFs Finally Start Trading Tomorrow—Here’s What to Expect

✅While some see ETH hitting an all-time high, the immediate aftermath of the launch could be “underwhelming,” analysts say.

✅Ethereum exchange-traded funds will finally hit U.S. markets tomorrow after the Securities and Exchange Commission said yes to the products in May and signed them off for trading today.

✅The Bitcoin equivalent has been a roaring success following its launch in January. The funds—which allow investors to buy shares that track the price of the cryptocurrency—received lots of attention as traditional investors previously spooked by the complex crypto space could finally get exposure to an asset on a traditional stock exchange.

✅So will traders repeat the rush and flood the new Ethereum funds with cold, hard cash? Can we look forward to an all-time high price for ETH, as some have predicted?

✅Hold your horses, market experts told Decrypt. Things might take a while to settle out.

🔺“I think the inflows are going to disappoint for the ETH ETFs,” Greg Magadini, derivatives director at blockchain data provider Amberdata, told Decrypt. He pointed to demand for Ethereum futures being “lackluster” ahead of the launch.

✅Before the Bitcoin ETFs dropped, Magadini said, traders were desperate for exposure to the asset, and the derivatives market—which allowed people to bet on the future price of an asset—was buzzing.

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