[BitMEX founder Arthur Hayes says Ethereum will see a “big bid” amid ETF hype – here’s his outlook]
BitMEX co-founder Arthur Hayes recently shared his views on the future of Ethereum (ETH) in an interview with "The Wolf of All Streets", especially after the Bitcoin (BTC) spot exchange-traded fund (ETF) was approved and listed. in the context of the near future. Hayes expects that if the U.S. Securities and Exchange Commission (SEC) approves a spot ETH ETF, it will significantly increase demand for Ethereum.
He noted that he believes in ETH and other crypto assets such as Solana, given that Bitcoin ETFs have managed to attract huge assets under management (AUM) and some ETFs charge no fees, indicating huge profit potential. ETFs will also be approved. Hayes mentioned that these crypto-asset ETF offerings could outpace traditional large-cap ETFs such as the Invesco QQQ ETF, which tracks the Nasdaq 100 Index, and the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500 Index.
Hayes also hinted that banks may play a key role in approving spot ETFs for these non-Bitcoin crypto assets, as they have a presence in every major jurisdiction and the success of these ETFs will allow banks to profit from them.
