Ether ETFs Launch Today - Everything You Need To Know
To investors, The Ether ETFs will begin trading today. These are the second set of crypto ETFs that have been approved by the SEC for trading. The approval of an asset other than bitcoin is a milestone for the industry and signals that more assets will eventually make their way to Wall Street. One of the questions I continue to get is whether the ETH ETFs will mimic the Bitcoin ETF launch. I am not convinced that is the case. The Bitcoin ETFs were the most successful product launch in history. And the demand didn’t stop there — for example, the Blackrock Bitcoin ETF has had more net inflows year-to-date than Invesco’s QQQ ETF. That is an insane data point of demand. So what do I expect will happen with the Ether ETFs? The short answer is I am less bullish. Here are a few reasons why:
These four points do not mean that the Ether ETFs will be unsuccessful. I anticipate that capital will flow into the funds, but it will be a much smaller amount. If that capital flows, the price of ether will rise as well. The question is how much impact will the ETFs have on price and no one knows the answer yet. In order to get a better understanding of the bull argument for ETH ETFs, I asked Bitwise CIO Matt Hougan to explain how traditional investors will view the asset. Here is what he said:
So there is the bull and bear case for the Ether ETFs. It will be very interesting to watch the capital flows. Bitcoin surprised everyone to the upside and maybe Ether will do the same. Regardless of the fund performance, it is clear that regulators are going to approve many crypto assets in the US market. That alone is a win for the industry. Hope you all have a great day. I’ll talk to everyone tomorrow. -Anthony Pompliano Founder & CEO, Professional Capital Management Johann Kerbrat is the Vice President and General Manager of Crypto at Robinhood. In this conversation, we talk about what they are building, who is using the product, surprising data points, Bitstamp acquisition, licenses, and future outlook for crypto and Robinhood. Listen on iTunes: Click here Listen on Spotify: Click here Robinhood’s Crypto GM Explains Their StrategyPodcast Sponsors
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