Asset management company VanEck thinks spot Ethereum ETFs could be at least as much in demand as spot Bitcoin ETFs.
US Securities and Exchange Commission (SEC) spot Bitcoin After approving exchange traded funds (ETFs), all eyes turned to spot Ethereum ETFs.
Regulatory agency’s spotlight His stance on Ethereum ETFs While it’s been cold so far, many institutions have already applied to issue these ETFs.
Giant financial company, one of the applicants VanEckWhile stating that spot Ethereum ETFs could gain a place as large as the spot Bitcoin ETF market, he also stated that they have additional positive aspects. Among these positive aspects, Ethereum proof of stake (PoS) system Important working principles such as were demonstrated.
Making a statement on the subject, VanEck Portfolio Manager Pranav Kanadestood out with his remarkable statements:
From a market perspective, part of me believes that the market cap of the spot Ethereum ETF is potentially as large as the spot Bitcoin ETFs. The world of investors looking for cash-producing assets is huge, and Ethereum clearly generates fees that go to token holders. Even if you don’t have an ETF that might offer staking as part of it, it’s still a cash-generating asset, so I think ETH as an asset could make more sense for more people than Bitcoin.
The market’s senior analysts predict the possibility of the SEC approving spot Ethereum ETFs next May. reduced from 70% to 30%.