Ethereum

United

Spot

<p>Analysts at global asset management firm, <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-spot-etfs-200000-btc/" rel="nofollow noopener" target="_blank">Bernstein</a> have expressed bearish sentiment for Spot Ethereum ETFs prospects. According to Bernstein analysts, Gautam Chhugani and Mahika Sapra, <a href="https://bitcoinist.com/ethereum-etfs-approaching-full-approval/">Spot Ethereum ETFs</a> may see less demand than Spot Bitcoin ETFs due to a lack of staking features.</p> 
<h2 id="analysts-predict-sluggish-demand-for-spot-ethereum-etfs">Analysts Predict Sluggish Demand For Spot Ethereum ETFs</h2> 
<p>In a new research report published on Monday, <a href="https://www.newsbtc.com/news/bitcoin-new-ath-by-year-end/" rel="nofollow noopener" target="_blank">Bernstein analysts</a> suggested that Spot Ethereum ETFs will likely experience a wane in investor demand following its launch. The analysts painted a <a href="https://bitcoinist.com/jpmorgan-predicts-sluggish-interest-ethereum-etfs/">bearish picture</a> for the recently approved investment asset, noting that the enthusiasm for Ethereum Spot ETFs might be on a smaller scale than the <a href="https://bitcoinist.com/bitcoin-blasts-past-45000-as-etf-hype-heats-up/">initial excitement for Spot Bitcoin ETFs</a>.&nbsp;</p> 
<p>Chhugani and Sapra attributed their pessimistic predictions to the <a href="https://bitcoinist.com/fidelity-disclose-4-7-million-in-amended-etf-filing/">lack of ETH staking features</a> in Spot Ethereum ETF filings. However, they wrote that the “basis of trade” for Spot Ethereum ETFs may likely improve over time, attracting more investors and ultimately improving liquidity.&nbsp;</p> 
<p>The analysts also wrote that the basis of the trade would involve a unique strategy where investors purchase Spot Ethereum ETFs and <a href="https://bitcoinist.com/ethereum-etfs-could-soon-get-sec-nod/">sell futures contracts</a> while waiting for prices to converge. This approach would potentially ensure that the ETF market gains ample liquidity and sustainability.&nbsp;</p> 
<p>Considering Bernstein’s bearish outlook for Spot Ethereum ETFs, a potential drop in investor demand could lead to significantly <a href="https://bitcoinist.com/blackrock-spot-bitcoin-etf-inflows/">reduced inflows</a>. This outcome would be a stark contrast to the <a href="https://bitcoinist.com/spot-bitcoin-etfs-record-inflows/">strong inflows</a> observed after the launch of Spot Bitcoin ETFs.&nbsp;</p> 
<p>After the United States Securities and Exchange Commission (SEC) <a href="https://www.newsbtc.com/news/breaking-sec-approves-all-11-spot-bitcoin-etfs-btc-price-holds-steady-at-46000/" rel="nofollow noopener" target="_blank">approved Spot Bitcoin ETFs</a> on January 10, and it launched a day after, millions of inflows flooded the market within a few days, fueled by investors’ demand and prior anticipation for the digital assets. These massive inflows also contributed to Bitcoin’s rise to <a href="https://www.newsbtc.com/news/bitcoin-whale-217-million-profit-btc-73000/" rel="nofollow noopener" target="_blank">new all-time highs above $73,000</a>.</p> 
<h2 id="bloomberg-analyst-reinforces-ethereum-etfs-launch-date">Bloomberg Analyst Reinforces Ethereum ETFs Launch Date</h2> 
<p><a href="https://bitcoinist.com/sec-grants-historic-approval-for-ethereum-etfs/">Spot Ethereum ETFs</a> are likely to hit the market by July 2024. According to senior Bloomberg analyst, Eric Balchunas, asset management firm, <a href="https://www.newsbtc.com/news/ethereum/ethereum-l2s-growth-vaneck-eyes-1-trillion-market-cap/" rel="nofollow noopener" target="_blank">VanEck</a> has filed its 8-A form for Spot Ethereum ETFs. The analyst disclosed in an X (formerly Twitter) <a href="https://x.com/ericbalchunas/status/1805596193977761954?s=46" rel="nofollow" target="_blank">post</a> that approximately seven days after VanEck filed the same form for Spot Bitcoin ETFs, the ETFs launched.</p> 
<p>Uncanningly, July 2, about seven days after&nbsp;&nbsp;VanEck’s recent 8-A filing, is the date Balchunas <a href="https://www.newsbtc.com/news/ethereum/spot-ethereum-etfs-10000/" rel="nofollow noopener" target="_blank">predicted for the launch of Spot Ethereum ETFs</a>. The Bloomberg analyst has doubled down on his previous prediction, indicating that Ethereum Spot ETFs could debut on this date.&nbsp;</p> 
<p>Responding to his post, a crypto community member inquired about the inclusion of staking in features for the Ethereum Spot ETFs. Balchunas clarified with a “no,” indicating the SEC’s concerns about the classification of staking as an <a href="https://bitcoinist.com/ethereum-wins-sec-ends-securities-investigation/">unregistered security</a>. The community member further pointed out that the absence of staking would render Ethereum Spot ETFs significantly less appealing than their Bitcoin versions.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/i1UbDPRq/" alt="ETH price chart from Tradingview.com (Spot Ethereum ETFs)" width="3286" height="1576">

Bernstein Analysts Turn Bearish On Spot Ethereum ETFs, Lack Of Staking Raises Concerns

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Bitcoinist

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