Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MD
Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch.
Spot Ether (ETH) exchange-traded funds won’t see the same day-one inflow as spot Bitcoin ETFs did, as the asset’s use cases are far more difficult to value, an industry executive warns.
The spot Bitcoin ETFs saw $655.2 million of inflows on the opening day of trading on Jan. 11, exceeding industry expectations at the time.
While Bitcoin offers a steady store of value use case, the metrics used to value Ethereum’s technology-driven investment use cases are far less clear, Stephen Richardson, Fireblocks’ managing director of financial markets, told Cointelegraph.
Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch.
Spot Ether (ETH) exchange-traded funds won’t see the same day-one inflow as spot Bitcoin ETFs did, as the asset’s use cases are far more difficult to value, an industry executive warns.The spot Bitcoin ETFs saw $655.2 million of inflows on the opening day of trading on Jan. 11, exceeding industry expectations at the time.While Bitcoin offers a steady store of value use case, the metrics used to value Ethereum’s technology-driven investment use cases are far less clear, Stephen Richardson, Fireblocks’ managing director of financial markets, told Cointelegraph.Read more