{"id":609867,"date":"2024-05-26T07:43:40","date_gmt":"2024-05-26T07:43:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=609867"},"modified":"2024-05-26T14:04:15","modified_gmt":"2024-05-26T14:04:15","slug":"analyst-predicts-ethereum-spot-etfs-to-attract-25-of-btc-demand-heres-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/analyst-predicts-ethereum-spot-etfs-to-attract-25-of-btc-demand-heres-why\/","title":{"rendered":"Analyst Predicts Ethereum Spot ETFs To Attract 25% Of BTC Demand &#8211; Here\u2019s Why"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Following the<a href=\"https:\/\/uniquehot.com\/news\/ethereum\/bulls-ethereum-longs-biggest-candle-etf-news\/\" target=\"_blank\" rel=\"noopener \"> sudden approval<\/a> of the Ethereum Spot ETF last week, <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/when-spot-ethereum-etfs-go-live-expect-a-bloodbath\/\" target=\"_blank\" rel=\"noopener \">speculations<\/a> continue to roll in on the potential performance of these funds ahead of their debut trading session. Most recently, renowned Bloomberg ETF analyst, James Seyffart has weighed in on the subject giving his thoughts on the possible level of investments the Ethereum spot ETFs could pull in relation to their Bitcoin-based equivalents.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-spot-etfs-reignite-crypto\/\" target=\"_blank\" rel=\"noopener \">Analyst Says Ethereum Spot ETFs Approval Will See \u201cAnimal Spirits\u201d Reignite Crypto \u2013 What This Means<\/a><\/div>\n<h2><strong>ETH Spot ETF Limited By Ethereum\u2019s Utility And Other Factors &#8211; Analyst<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In an<a href=\"https:\/\/x.com\/BitwiseInvest\/status\/70639072\" target=\"_blank\" rel=\"noopener nofollow\"> interview session on X<\/a> on May 24 hosted by Bitwise Chief Investment Officer Matt Hougan, Seyffart stated that the Ether spot ETFs would likely experience a maximum of 25% of the demand seen by the Bitcoin spot ETFs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Seyffart based his predictions on multiple elements starting with enormous differences in market caps between both assets. According to<a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\"> data from CoinMarket<\/a>, Ethereum\u2019s total market shares are valued at $449.25 billion which is roughly equal to 30% of BTC&#8217;s 1.35 trillion market cap.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the analyst also highlighted the large disparities in the difference between both ETFs and their base assets. According to Seyffart, there is a bigger gap between Ethereum as an ETF and as a cryptocurrency than Bitcoin as an ETF and as itself.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The ETF analyst believes that the ETH spot ETFs will limit investors from native ETH features such as staking, a prominent source of passive income, and other on-chain use cases in terms of DeFi, NFTs, DAOs, etc. Thus, certain investors might prefer to invest directly in the altcoin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With all these factors in consideration, Seyffart predicts these novel investment funds will produce \u201cbig launches\u201d but not at the level of the Bitcoin spot ETFs.\u00a0 <\/span><span style=\"font-weight: 400\">He predicts the Ethereum Spot ETFs will record between 20-25% of investments in their Bitcoin-based peers once trading commences. Meanwhile, fellow Bloomberg analyst Eric Balchunas appears less optimistic with a projection of 15-20%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Undoubtedly, the performance of the Ethereum spot ETFs will be influential on other crypto spot ETFs that may gain approval from the US Securities and Exchange Commission. Currently, the XRP ETF is tipped by many enthusiasts as the next debutant in the market but this is still subject to many factors, most especially regulatory clarity on the institutional sales of XRP.<\/span><\/p>\n<h2><strong>Ethereum Price Overview<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In other news, Ethereum is trading at $3,766 with a 0.51% gain in the last day. This slight positive performance underscores Ethereum\u2019s form all week with a combined 20.47% gain recorded in the last seven days. Meanwhile, ETH\u2019s daily trading volume is down by 51.27% and is valued at $10.03 billion.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/post-ethereum-etf-analysis-eth-price-seeks-bottom-as-bulls-eye-5000-target\/\" target=\"_blank\" rel=\"noopener \">Post-Ethereum ETF Analysis: ETH Price Seeks Bottom As Bulls Eye $5,000 Target<\/a><\/div>\n<div><\/div>\n<figure style=\"width: 1480px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/NhhlNLXN\/\" alt=\"Ethereum \" width=\"1480\" height=\"893\"><figcaption class=\"wp-caption-text\">ETH trading at $3,763 in the daily chart | Source: ETHUSDT chart on Tradingview.com<\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\"><em>Featured image from BitMEX, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following the sudden approval of the Ethereum Spot ETF last week, speculations continue to roll in on the potential performance of these funds ahead of their debut trading session. Most recently, renowned Bloomberg ETF analyst, James Seyffart has weighed in on the subject giving his thoughts on the possible level of investments the Ethereum spot ETFs could pull in relation to their Bitcoin-based equivalents. Related Reading: Analyst Says Ethereum Spot ETFs Approval Will See \u201cAnimal Spirits\u201d Reignite Crypto \u2013 What This Means ETH Spot ETF Limited By Ethereum\u2019s Utility And Other Factors &#8211; Analyst In an interview session on X on May 24 hosted by Bitwise Chief Investment Officer Matt Hougan, Seyffart stated that the Ether spot ETFs would likely experience a maximum of 25% of the demand seen by the Bitcoin spot ETFs. Seyffart based his predictions on multiple elements starting with enormous differences in market caps between both assets. According to data from CoinMarket, Ethereum\u2019s total market shares are valued at $449.25 billion which is roughly equal to 30% of BTC&#8217;s 1.35 trillion market cap. Furthermore, the analyst also highlighted the large disparities in the difference between both ETFs and their base assets. According to Seyffart, there is a bigger gap between Ethereum as an ETF and as a cryptocurrency than Bitcoin as an ETF and as itself.\u00a0 The ETF analyst believes that the ETH spot ETFs will limit investors from native ETH features such as staking, a prominent source of passive income, and other on-chain use cases in terms of DeFi, NFTs, DAOs, etc. Thus, certain investors might prefer to invest directly in the altcoin.\u00a0 With all these factors in consideration, Seyffart predicts these novel investment funds will produce \u201cbig launches\u201d but not at the level of the Bitcoin spot ETFs.\u00a0 He predicts the Ethereum Spot ETFs will record between 20-25% of investments in their Bitcoin-based peers once trading commences. Meanwhile, fellow Bloomberg analyst Eric Balchunas appears less optimistic with a projection of 15-20%. Undoubtedly, the performance of the Ethereum spot ETFs will be influential on other crypto spot ETFs that may gain approval from the US Securities and Exchange Commission. Currently, the XRP ETF is tipped by many enthusiasts as the next debutant in the market but this is still subject to many factors, most especially regulatory clarity on the institutional sales of XRP. Ethereum Price Overview In other news, Ethereum is trading at $3,766 with a 0.51% gain in the last day. This slight positive performance underscores Ethereum\u2019s form all week with a combined 20.47% gain recorded in the last seven days. Meanwhile, ETH\u2019s daily trading volume is down by 51.27% and is valued at $10.03 billion. Related Reading: Post-Ethereum ETF Analysis: ETH Price Seeks Bottom As Bulls Eye $5,000 Target Featured image from BitMEX, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":609868,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[14917,83971,90217,89501,8686,78803,84651],"class_list":["post-609867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bitwise","tag-bloomberg-analyst","tag-ether-spot-etf","tag-ethereum-spot-etfs","tag-ethusd","tag-ethusdt","tag-james-seyffart"],"acf":[],"yoast_head":"\n<title>Bloomberg Analyst Predicts Ethereum Spot ETFs To Attract 25% Of BTC Demand - Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"James Seyffart comments on the possible level of investments the Ethereum spot ETFs could pull compared to their Bitcoin-based equivalents.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ethereum\/analyst-predicts-ethereum-spot-etfs-to-attract-25-of-btc-demand-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bloomberg Analyst Predicts Ethereum Spot ETFs To Attract 25% Of BTC Demand - Here\u2019s Why\" \/>\n<meta property=\"og:description\" content=\"James Seyffart comments on the possible level of investments the Ethereum spot ETFs could pull compared to their Bitcoin-based equivalents.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ethereum\/analyst-predicts-ethereum-spot-etfs-to-attract-25-of-btc-demand-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-26T07:43:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-26T14:04:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/05\/eetf.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"826\" \/>\n\t<meta property=\"og:image:height\" content=\"592\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Semilore Faleti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SemiloreFaleti\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Semilore Faleti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/analyst-predicts-ethereum-spot-etfs-to-attract-25-of-btc-demand-heres-why\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum\/analyst-predicts-ethereum-spot-etfs-to-attract-25-of-btc-demand-heres-why\/\"},\"author\":{\"name\":\"Semilore Faleti\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49\"},\"headline\":\"Analyst Predicts Ethereum Spot ETFs To Attract 25% Of BTC Demand &#8211; 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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