Is there a chance of approving Ethereum spot ETF on 5/23 as ETF issuers compete to submit documents?
TradFi 

Is there a chance of approving Ethereum spot ETF on 5/23 as ETF issuers compete to submit documents?

According to Bloomberg ETF analyst Eric Balchunas, it is estimated that the asset value of an Ethereum spot ETF may only be 10-15% of a Bitcoin spot ETF. Based on the current estimated total asset value of 11 Bitcoin spot ETFs at $58.6 billion, this amounts to approximately $5.8-8.8 billion. However, Balchunas stated that this is already quite good for a newly issued ETF.

You May Also Like

Doubts Arise as JPMorgan Chase Questions SEC Approval for Solana and Other Cryptocurrency ETFs in the United States

Doubts Arise as JPMorgan Chase Questions SEC Approval for Solana and Other Cryptocurrency ETFs in the United States

Bitcoin Spot ETF: Goldman Sachs Interested in Joining, Cash Mode Facilitates More Traditional Financial Institutions' Participation

Bitcoin Spot ETF: Goldman Sachs Interested in Joining, Cash Mode Facilitates More Traditional Financial Institutions’ Participation

BIS Report: The Impact of Financial Technology (Fintech) on Monetary Policy - A New Era in the Credit Landscape

BIS Report: The Impact of Financial Technology (Fintech) on Monetary Policy – A New Era in the Credit Landscape

Leave a Reply

Your email address will not be published. Required fields are marked *