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.
Spot Ether (ETH) exchange-traded funds won’t see the same day-one inflow as spot Bitcoin ETFs did, as the asset’s use cases are far more difficult to value, an industry executive warns.
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.
While Bitcoin offers a steady store of value use case, the metrics used to value Ethereum’s technology-driven investment use cases are far less clear, Stephen Richardson, Fireblocks’ managing director of financial markets, told Cointelegraph.
