ETHE - ETHE: Bitcoin ETFs Break Records But Don't Bet On Ethereum ETFs

2024-03-22 02:03:56 ET

Summary

• Bitcoin spot ETFs have been successful, leading to speculation about an Ethereum ETF.
• The approval of an ETH ETF is unlikely due to the complexities of Ethereum's classification as a security or commodity.
• The lack of an ETH ETF is unlikely to negatively impact Ethereum's price, and it could continue to outperform BTC in the next few months.
• I cover what an ETH ETF might look like. Such a product would likely offer dividends from staking yield.
• Traders should not expect ETHE's discount to close anytime soon. It only looks similar to the GBTC trade, but it's really quite different.

The Bitcoin ( BTC-USD ) spot ETFs were quite a success. At this point, they are probably the most successful ETF launches ever. The speed of inflows and growth in AUM has shocked a lot of people, even though big players like Vanguard are still refusing to offer the ETFs to their clients....

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