Bloomberg’s Senior ETF Analyst Eric Balchunas stated that the launch of an Ethereum spot ETF could see inflows lower than the record-breaking inflows seen by Bitcoin spot funds. In an exclusive interview comparing BTC and ETH exchange-traded funds (ETFs), Balchunas remarked, “Ethereum is harder to explain… but I just see it as [Bitcoin’s] helper.” 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 and thus posing challenges for traditional retail investors. Some industry experts suggest that an Ethereum ETF may not achieve the success seen with Bitcoin ETF launches, which are among the most iconic in ETF history.
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However, Ophelia Snyder, co-founder of 21Shares, believes that the launch of an Ethereum spot ETF will still attract significant capital inflows. She stated to Cointelegraph, “The idea of [launching a Bitcoin ETF] as a standard is impractical. [An Ethereum ETF] will be successfully launched. It will outperform ordinary ETFs. I think it could be one of the best-performing ETFs ever launched.”
