VanEck: Ether ETFs Could Be Bigger Than Bitcoin ETFs
As the Securities and Exchange Commission (SEC) decides on a deadline for approving spot Ether ETFs, industry experts are weighing the potential acceptance of such funds. Some say it doesn't make sense to invest in an ethereum ETF because such funds are unlikely to allow for pledge award distributions. They argue that investors would be better off buying and pledging their own ethereum (ETH). But global investment firm VanEck, whose Bitcoin Trust (HODL) was one of 10 spot Bitcoin ETFs launched earlier this year, believes that Ether ETFs could attract huge demand. vanEck portfolio manager Pranav Kanade said, "From a market perspective, I think spot ETH ETFs has a market that is probably as big, if not bigger, than the spot Bitcoin ETF, and probably as big as Bitcoin compared to the ETF."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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