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Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MD

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Spot Ether ETFs won’t see the same flows as Bitcoin ETFs on the first trading day as Ethereum is far more difficult to value, says Fireblocks’ Stephen Richardson.

Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch.The spot Bitcoin ETFs saw $655.2 million of inflows on the opening day of trading on Jan. 11, exceeding industry expectations at the time.

“What’s missing is widespread consensus that effectively evaluates the utility or utilization rate of the Ethereum blockchain.” As a result, “we’re likely not going to see the same levels of inflows on day one with the Ether ETFs as we saw with the Bitcoin ETFs,” he concluded.

 

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