Spot ETH ETFs could see 25% of the demand of BTC counterpart – Bloomberg analysts

According to Bloomberg analysts, spot Ethereum ETFs could see around 25% of the demand that spot Bitcoin ETFs have experienced. This estimation comes from James Seyffart, an ETF analyst at Bloomberg, who stated that his colleague, Eric Balchunas, believes the demand could be around 15% to 20%. Seyffart compares these figures to the fact that Ethereum currently holds about 30% of Bitcoin’s market cap. However, he points out that there are certain limitations with ETH ETFs, such as the inability to stake and access the on-chain utility of Ethereum, which might account for the lower estimate. Despite this, Seyffart still predicts that there will be significant demand for spot ETH ETFs, although not as much as spot Bitcoin ETFs. Matt Hougan, the CIO of Bitwise, also anticipates significant demand for spot Ethereum ETFs. He suggests that investors are increasingly recognizing the importance of diversification and predicts that the appeal of Ethereum’s role as a high-growth tech investment will attract investors. The US SEC has approved rule changes to allow exchanges to list and trade spot ETH ETFs, but the launch dates are still uncertain, with different speculations ranging from weeks to before November.