Crypto Blog
American investment management firm VanEck thinks spot Ethereum exchange-traded funds could become bigger than similar Bitcoin products after the United States Securities and Exchange Commission eventually approves them in the coming months.
Market analysts believe crypto investors should buy and stake their own ETH rather than invest in the ETFs. However, Kanade insists otherwise. While the VanEck portfolio manager thinks Ethereum ETFs could surpass Bitcoin funds, he sees such a feat as a huge task, considering theIn addition to Kanade’s controversial belief that Ethereum ETFs will outpace Bitcoin funds, he placed the odds of the SEC approving the former at 50%, contrary to Bloomberg analysts’ 30% prediction.
Nevertheless, agency commissioner Hester Pierce, popularly known as Crypto Mom, believes the regulator would not need a lawsuit or court order to approve pending applications for Ethereum ETFs.