A Research Firm Shares New Data on Spot Bitcoin and ETH ETFs!

Until a year ago, many crypto investors were eagerly awaiting the day when the US Securities and Exchange Commission (SEC) would approve spot Bitcoin and Ethereum ETFs. Although the SEC granted these approvals, things did not progress as crypto enthusiasts desired.

Although there were some increases in the market after spot crypto ETFs, the mega-rise period that crypto investors were waiting for never started.

Galaxy Research, a successful research firm, recently shared a new report on spot Bitcoin and #Ethereum ETFs and provided the following information: “Since launch, Ethereum ETFs have reached significantly less trading volume than Bitcoin ETFs. They are also trading well below ETH/BTC CEX volume and market cap ratios.

This is the result of several factors, the most important of which is that top-tier trading desks do not yet offer margin for ETH ETFs.”

In the coming period, the first-class trading desks, as reported by Galaxy Research analysts, will start offering #ETH ETF margins, which could revitalize the crypto market.