Why the new spot ether ETFs may ‘be a hit' despite recent weakness

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It’s a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut.

"We think they'll be a hit. Whether they're going to get the same amount of assets is... probably unlikely," said David Mann, the firm's head of ETF product and capital markets, told CNBC's"

CEO Jan Van Eck expects spot ether ETFs will help investors diversify, but he sees a different energy level for spot ether ETFs."I don't think they're going to be the same, same kind of hit " Van Eck said.Long-term, Morningstar's Ben Johnson considers the volumes for spot ether ETFs as normal because they're roughly proportional to the relative market cap of ether versus

"There's healthy appetite. There's healthy volume. There's healthy demand there," the research firm's head of client solutions said. " opening up access to new markets, new portions of the investment opportunity set for investors and putting that in a package that is cost effective. It's convenient, and it's compatible with the way that more investors are building their portfolios these days."dropped sharply on Thursday.

 

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