Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Ethereum ETFs may capture only 15% of Bitcoin ETF assets, says Bloomberg analyst

Share This Post

Bloomberg Senior ETF Analyst Eric Balchunas tempered the excitement over spot Ethereum exchange-traded funds (ETFs), suggesting they may attract only a fraction of the investments seen in Bitcoin ETFs.

On May 20, reports indicated a 75% chance that the US Securities and Exchange Commission (SEC) would approve an ETH ETF, starkly contrasting the previous pessimism surrounding the financial instruments.

The news spurred more than a 20% increase in ETH’s price, pushing it above $3,700, according to CryptoSlate’s data. Additionally, the blockchain analytical platform IntoTheBlock pointed out that this price spike pushed 90% of ETH holders to profit.

This bullish trend led some market analysts to predict significant inflows for ETH ETFs, akin to the success of BTC ETFs launched in January. Since the debut of spot Bitcoin ETFs in the US, these funds have amassed approximately $13 billion in assets under management, according to Farside Investors data.

However, Balchunas remains skeptical, estimating that ETH ETFs might only capture “10-15% of the assets of BTC ETFs.” He commented:

“I think me comparing Ether ETFs following Bitcoin ETFs to a concert where Sister Hazel comes on after Nirvana is probably why a few people [are] coming at me on this and that’s ok. Maybe that was harsh but I still see the Ether etfs getting 10-15% of the assets of the BTC ETFs.”

Fidelity removes staking

In parallel, Fidelity submitted an updated S-1 registration statement to the SEC for its proposed Ethereum ETF ahead of key deadlines.

The revised document has removed all traces of staking or staking rewards. Previously, the prospectus indicated the fund would stake some assets with a provider to earn rewards.

Analysts believe this change is due to the SEC’s scrutiny of crypto staking. The SEC has sued major exchanges like Kraken and Coinbase, alleging their staking products breach federal securities laws.

Balchunas added:

“Looks like you got a final answer as to whether SEC will allow staking: No. As this is first amendment of any document to roll in post-SEC 180 and their comments to issuers yesterday.”

The post Ethereum ETFs may capture only 15% of Bitcoin ETF assets, says Bloomberg analyst appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Bullish Pattern Points To Immediate $3,000 Target – Details

The Ethereum market price rose by a net 316% in what proved to be another historic week for the crypto market as Bitcoin registered a new all-time high price Notably, the prominent altcoin has

Bitcoin And Ethereum Decoupling Reaches Historic Point — What This Means For Investors

It’s no secret that Ethereum’s performance has been tame compared to Bitcoin since the start of this cycle However, this trend became most apparent at the start of the year when

XRP price prediction: XRP Eyes $5.50 By Q4, But A “Next-Gen Rival” Could Outpace It With 1000% Gains

The post XRP price prediction: XRP Eyes $550 By Q4, But A “Next-Gen Rival” Could Outpace It With 1000% Gains appeared first on Coinpedia Fintech News XRP has shot into the limelight with many

Bitcoin At Crossroads After Trump Tariff Shock: Breakdown Towards $106K Or New ATH?

Bitcoin is grappling with intensified volatility following a sharp selloff triggered by US President Donald Trump’s abrupt announcement of a sweeping 50% tariff on all EU imports starting June 1

Buying Dogecoin (DOGE) At $0.25 or Buying Remittix (RTX) At $0.07 – Which Will Be the Bigger Payday?

The post Buying Dogecoin (DOGE) At $025 or Buying Remittix (RTX) At $007 – Which Will Be the Bigger Payday appeared first on Coinpedia Fintech News With crypto markets on the rise, investors are

Best Crypto Presale to Invest in 2025: 3 Strategic Picks for Maximum Gains

The post Best Crypto Presale to Invest in 2025: 3 Strategic Picks for Maximum Gains appeared first on Coinpedia Fintech News With the digital asset space surging ahead and innovation moving at