Ether ETFs Could Be Bigger Than Bitcoin ETFs, Says VanEck
Investing in an ether ETF may not offer staking rewards, leading to a push for investors to buy and stake their own ether (ETH).
VanEck sees significant potential demand for an ether ETF, comparing it to spot bitcoin ETFs which saw over $10 billion in net inflows in just two months. [ more ]
How Will Bitcoin And Ethereum's Differences Impact Their Spot ETFs?
Analysts predict that the Securities and Exchange Commission (SEC) will approve spot Bitcoin ETF applications in January 2024, following the approval of Bitcoin (BTC) Futures ETFs in October 2021 and Ether (ETH) Futures ETFs in October 2023.
Crypto Fund Inflows of $293M Bring Yearly Total Above $1B: CoinShares
Cryptocurrency funds have received over $1 billion in net inflows this year, with $293 million coming in just the past week.
Bitcoin funds accounted for the majority of the net inflows last week, while Ether funds also saw a significant increase.
The rally in the crypto market is fueled by optimism about the potential approval of a spot bitcoin ETF and the application for a spot ether ETF by BlackRock. [ more ]