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The launch of US exchange-traded funds (ETFs) for Ethereum (ETH), the second-largest cryptocurrency, could face significantly less demand compared to spot Bitcoin products, casting a shadow on Ethereum's outlook, according to analysts. 
<h2 id="doubts-over-us-ethereum-etf-demand-pose-challenge-for-second-largest-cryptocurrency">Doubts Over US Ethereum ETF Demand Pose Challenge for Second-Largest Cryptocurrency</h2> 
BlackRock Inc. and Fidelity Investments are among the issuers seeking to list Ethereum ETFs pending final approvals from the Securities and Exchange Commission (SEC). 
But JPMorgan Chase &amp; Co. strategists predict that net inflows into Ethereum ETFs will be much smaller than the $15.3 billion flowing into Bitcoin ETFs this year. 
Five-month-old Bitcoin ETFs have capitalized on a narrative that positions Bitcoin as “digital gold,” a concept that Ethereum lacks. 
Additionally, Ethereum ETFs will not offer staking rewards for blockchain maintenance, a return that can be achieved by holding the token directly. 
“Ether does not have the profile of Bitcoin,” said Caroline Bowler, CEO of BTC Markets Pty. Bitcoin's $1.4 trillion market cap is three times larger than Ethereum's. “It won't have the same impact,” he said. 
Related News: <a href="https://en.bitcoinsistemi.com/us-bitcoin-etfs-set-a-new-record-positive-daily-entry-recorded-for-the-17th-consecutive-day-here-are-the-details/" target="_blank" rel="dofollow">US Bitcoin ETFs Set a New Record! Positive Daily Entry Recorded for the 17th Consecutive Day! Here are the Details</a> 
Last month, the SEC unexpectedly pivoted to approving spot Ethereum ETFs after allowing Bitcoin funds following a court reversal in 2023. 
This decision briefly boosted the price of Ethereum, but the token's 109% rise last year fell short of Bitcoin's 169% rise, which reached a record high in March. 
JPMorgan strategists led by Nikolaos Panigirtzoglou estimate that prospective Ether ETFs would attract a “modest” $1 billion to $3 billion in net inflows over the remainder of the year. 
These products may struggle to reach the 20% of Bitcoin ETF assets in the U.S., which now total $62.5 billion, according to Bloomberg Intelligence Senior ETF Analyst Eric Balchunas. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-etfs-may-not-receive-as-much-interest-as-bitcoin-according-to-analysts-heres-why/">Ethereum ETFs May Not Receive As Much Interest as Bitcoin, According to Analysts! Here's Why!</a>

Ethereum ETFs May Not Receive As Much Interest as Bitcoin, According to Analysts! Here's Why!

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