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My view is that if a U.S. spot bitcoin ETF will get accepted, there ought to be little argument for holding up a spot ether ETF. And Grayscale itself has stated it plans to transform ETHE and different merchandise to ETFs. I wouldn’t maintain your breath with regards to SOL, ATOM or every other smaller crypto asset, however we’ve got first-hand information that ETH ETFs work. In reality, ethereum ETFs launched inside weeks of the primary bitcoin ETF. Regulators in Canada have been comfy with the product as a result of there’s a regulated futures marketplace for ETH, permitting market makers to hedge threat whereas creating and redeeming models. I think that following a BTC approval, an ETH approval wouldn’t be far behind. ETHE’s low cost is larger than GBTC’s, which means a far higher arbitrage alternative. Additionally, ETH markets are much less liquid than BTC, so the incremental shopping for from an ETF might have a extra materials affect on value. And, in my opinion, ETH has higher upside because the main platform for Web3 growth.
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