Ethereum ETF To Grab Only 20% Of Spot BTC ETF’s Success, Says ETF Analyst
The post Ethereum ETF To Grab Only 20% Of Spot BTC ETF’s Success, Says ETF Analyst appeared first on Coinpedia Fintech News
Eric Balchunas, a senior ETF analyst at Bloomberg, expects the ETH ETF inflows to get only 20% of spot BTC ETFs’ inflows and trading volume. The analyst suggested an estimated initial influx of $1 billion or 2 in the first few weeks. However, he noted that even 20% of Bitcoin’s traction would signify a huge win. Balchunas also highlighted the significance of ETH’s shares across different global spot markets. In the US, ETH maintains over 15% while BTC boasts more than 80% share.
