Bloomberg Analyst Ethereum ETF Unlikely to Mirror Bitcoins Stellar Performance

Bloomberg Senior ETF Analyst Eric Balchunas stated that the capital inflows resulting from the launch of a spot Ethereum ETF might be lower than the record inflows of spot Bitcoin funds.
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 to [Bitcoin].
He explained that Bitcoin’s appeal is “digital gold,” which is relatively easy for investors to understand, while Ethereum’s broader decentralized finance (DeFi) ecosystem is more complex, resembling tech stocks, making it harder for traditional retail investors to comprehend.
Some industry experts indicate that compared to the successful launch of Bitcoin ETFs, the Ethereum ETF might not meet expectations, as Bitcoin ETFs are among the most iconic in ETF history.
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However, 21Shares co-founder Ophelia Snyder believes the launch of a spot Ethereum ETF will still attract substantial capital inflows.
She stated to Cointelegraph:
It’s unrealistic to use [the launch of Bitcoin ETFs] as a benchmark. [The Ethereum ETF] will launch successfully. It will perform significantly better than regular ETFs. I think it might become one of the top ETFs ever launched.