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    Home ยป Bloomberg Analysts Assert Ethereum ETFs Impact Falls Short of Bitcoins Impressiveness
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    Bloomberg Analysts Assert Ethereum ETFs Impact Falls Short of Bitcoins Impressiveness

    By adminJul. 5, 2024No Comments1 Min Read
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    Bloomberg Analysts Assert Ethereum ETFs Impact Falls Short of Bitcoins Impressiveness
    Bloomberg Analysts Assert Ethereum ETFs Impact Falls Short of Bitcoins Impressiveness
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    Bloomberg Senior ETF Analyst Eric Balchunas stated that the launch of an Ethereum ETF might see lower inflows compared to the record-breaking influx seen with a Bitcoin ETF.

    In an exclusive interview comparing BTC and ETH exchange-traded funds, Balchunas said: “Ethereum is harder to explain…but I just see it as a helper for Bitcoin.”

    He explained that Bitcoin’s appeal as “digital gold” is relatively easy for investors to grasp, while Ethereum’s broader decentralized finance (DeFi) ecosystem is more complex, resembling tech stocks, making it harder for traditional retail investors to understand.

    Some industry experts suggest that an Ethereum ETF may not see the same success as a Bitcoin ETF did upon its launch, with the latter being one of the most iconic ETFs in history.

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    The cryptocurrency market plummeted, losing nearly $64 billion on the final day. However, Ophelia Snyder, Co-founder of 21Shares, believes that the release of an Ethereum spot ETF will still attract significant inflows.

    She stated to Cointelegraph: “To consider [the launch of a Bitcoin ETF] as standard is unrealistic. [An Ethereum ETF] will be successfully launched. It will significantly outperform a regular ETF. I think it could be a standout among ETFs ever launched.”

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