Bloomberg Analysts Ethereum ETFs Wont Make the Same Impact as Bitcoin

Bloomberg senior ETF analyst Eric Balchunas said that the launch of an Ethereum spot ETF may bring in less capital compared to the record inflows seen in Bitcoin spot funds. In an exclusive interview comparing BTC and ETH exchange-traded funds, Balchunas stated: “Ethereum is harder to explain… but I just see it as an [assistant] to Bitcoin.” He explained that Bitcoin’s appeal as “digital gold” is relatively straightforward for investors, whereas Ethereum’s broader decentralized finance (DeFi) ecosystem appears more complex, resembling tech stocks, which makes it harder for traditional retail investors to grasp. Some industry experts suggest that an Ethereum ETF may not replicate the success of a Bitcoin ETF, one of the most emblematic in ETF history. Read more:

The cryptocurrency market crashed, losing nearly $64 billion on the final day. However, 21Shares co-founder Ophelia Snyder believes that the launch of an Ethereum spot ETF will still attract significant capital inflows. She stated to Cointelegraph: “[Launching a Bitcoin ETF] as a standard idea is impractical. [An Ethereum ETF] will launch successfully. It will perform significantly better than a regular ETF. I think it could become a standout among ETFs ever launched.”