Here’s How Much Institutions Can Pour in Spot Ethereum ETFs Initially (Report)

Traders’ positions reveal a moderate degree of excitement surrounding spot Ethereum ETFs. Despite a relatively uneventful week, the anticipated arrival of these funds is expected to mirror the explosive path witnessed during the launch of Bitcoin ETFs, according to K33 research.

The report highlighted that while the current open interest in ETH futures on the CME stands at 23% of the size of BTC futures, the average share of ETH futures has been around 35% of BTC futures since they began trading on the CME in 2021. This discrepancy suggests a significant institutional demand for ETH exposure in the US market, according to K33.

Meanwhile, Bloomberg ETF analyst Eric Balchunas previously predicted that the spot Ethereum ETFs will attract between 10% and 20% of the inflows witnessed by the Bitcoin counterpart. Notably, K33’s report also highlighted that excluding the staking feature from Ethereum ETFs would not adversely impact the inflows into these investment products.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Congressman introduces bill to ban institutions interacting with crypto mixing protocolsOn Wednesday, US Congressman Sean Casten introduced the Blockchain Integrity Act in the US House of Representatives to temporarily ban financial institutions that interact with crypto mixing protocols.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Institutions Still Skeptical of a Near-Term Bitcoin Rally, CME Options Data ShowOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Source: CoinDesk - 🏆 291. / 63 Read more »

Don't Get Excited About Those Daily Announcements of Financial Institutions Buying BitcoinThis is false good news that only reinforces the centralization of Bitcoin and the distortion of the deeper meaning of the Bitcoin revolution.
Source: hackernoon - 🏆 532. / 51 Read more »