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My view is that if a U.S. spot bitcoin ETF will get permitted, there must be little argument for holding up a spot ether ETF. And Grayscale itself has mentioned it plans to transform ETHE and different merchandise to ETFs. I wouldn’t maintain your breath in terms of SOL, ATOM or some other smaller crypto asset, however we’ve first-hand data that ETH ETFs work. In truth, ethereum ETFs launched inside weeks of the primary bitcoin ETF. Regulators in Canada have been snug with the product as a result of there’s a regulated futures marketplace for ETH, permitting market makers to hedge danger whereas creating and redeeming models. I believe that following a BTC approval, an ETH approval wouldn’t be far behind. ETHE’s low cost is bigger than GBTC’s, that means a far better 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, for my part, ETH has higher upside because the main platform for Web3 growth.
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