According to a Bloomberg ETF analyst, US spot ETH ETF could see less than half of US BTC ETF performance.ETF. According to Bloomberg ETF analyst Eric Balchunas, the much-hyped spot ETH ETFs might grab about ‘20%’ of the BTC ETF’s market share.
“I’d at least divide by 5 when it comes to expectations around the Ether spot ETFs re-flows/volume/media/everything relative to spot bitcoin ETFs. That said, grabbing 20% of what they got would be huge win/successful launch by normal ETF standards.’The analyst’s 20% of the BTC ETF market share was based on the current market share on the futures market. ETH ETF instruments are already available in various jurisdictions as futures ETF offerings.
However, from a Hong Kong perspective, especially based on the leading ETF funds from Bosera, BTC flows were twice as much as ETH flows for the spot products., Hong Kong’s Bosera spot BTC ETF saw total inflows of $15.3 million, compared to its ETF product’s $7.5 million. That translates to about 50% of BTC ETF flows for Bosera spot ETH ETF.
However, according to CoinMarketCap data, ETH’s $454 billion spot market cap was 34% of BTC’s $1.3 trillion.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.Subscribe to get it daily in your inbox.
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