Bloomberg analyst: Spot Ethereum ETF is just a "supporting role" to the spot Bitcoin ETF
ChainCatcher news, Bloomberg analyst Eric Balchunas stated that the launch of a spot Ethereum ETF may be disappointing compared to the inflows of the U.S. spot Bitcoin ETF. The spot Ethereum ETF is merely a "supporting role" to the spot Bitcoin ETF. Balchunas explained that Bitcoin's value proposition as "digital gold" is relatively easy to understand, while Ethereum and its broader DeFi ecosystem are more akin to tech stocks, making it harder for traditional retail investors to grasp.
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