VanEck: Ethereum ETF could be bigger than Bitcoin ETF

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Cointime2024/03/15 00:49

By:Cointime

As the deadline for the approval of the Ethereum spot ETF by the US Securities and Exchange Commission (SEC) approaches, industry experts are weighing the potential acceptance of such funds. Some people say that investing in Ethereum ETFs is meaningless because such funds are unlikely to allow for staking rewards distribution. They believe that investors are better off buying and staking their own Ethereum (ETH). However, VanEck's Bitcoin Trust (HODL), a global investment company, is one of the 10 spot Bitcoin ETFs launched earlier this year, and the company believes that an Ethereum ETF may attract significant demand. Pranav Kanade, portfolio manager at VanEck, said, "From a market perspective, I think the market size of a spot ETH ETF may be as big as or even larger than a spot Bitcoin 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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