Ethereum

Bitcoin

James

The biggest crypto, Bitcoin went on to hit its new all time high (ATH) just weeks after the US Securities and Exchange Commission (SEC) <a href="https://news.todayq.com/coinbase-to-gain-big-from-secs-ether-etf-approval-heres-why/" rel="noopener noreferrer nofollow">approved</a> spot Bitcoin exchange-traded funds (ETFs). The major approval allowed the institutions to invest more than $12 billion in these ETFs. However, experts suggest that Ethereum investors may not witness the same level of interest. Ether might not hit it 
As per reports, several indicators suggest a lower institutional interest in Ethereum than in Bitcoin. Bloomberg Intelligence ETF analyst Eric Balchunas has already predicted that Ether ETFs will only garner 10-15% of the assets managed by Bitcoin ETFs.
It is important to note that the commission had earlier resisted approving crypto linked ETFs. It was mainly due to concerns about market manipulation. However, A loss in a lawsuit filed by Grayscale Investments led the SEC to approve 11 spot Bitcoin ETFs in January.
The same happened with the spot Ether ETFs, the commission despite initially signaling a likely denial reversed its stance, and that too amid a series of pro-crypto developments in the US.
Balchunas and James Seyffart updated their odds of the approval to 75% from 25% on Monday. The SEC gave out approval on Thursday. The actual launch of these ETFs may still be weeks or months away. It is still uncertain that this decision will drive the biggest altcoin to new all time highs. Why it that so? 
An expert wrote that When/if the ETH spot ETFs eventually launch, we should brace ourselves for a disappointing reception.” She pointed out that institutional investors have shown limited interest in the already existing Ethere linked products.&nbsp;
Take note of Hong Kong, where spot Bitcoin and Ethereum ETFs were approved last month. ETH accounts for less than 15% of the assets under management.
In the US, ETH futures ETFs have already been available, but investor interest has been tepid. The assets under management (AUM) for the leading Ethereum futures ETF (EETH) is around 4% of that for the leading Bitcoin futures ETF (BITO), Acheson noted. This lack of interest extends to the spot Ethe ETF itself, with available data suggesting limited institutional enthusiasm.
The Chicago Mercantile Exchange (CME) is a significant platform for Bitcoin derivatives but ranks only fifth for Ethereum derivatives. This disparity suggests that US institutional investors might not be as invested in the ETH narrative.

Ethereum bull run next in line or left behind?

Todayq News

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