Ethereum

Rally

Bitcoin

As the deadline for the U.S. Securities and Exchange Commission (SEC) to decide on approval of a spot Ethereum exchange-traded fund (ETF) approaches, industry experts are weighing the potential impact of such a fund and VanEck, a global investment firm, says Ethereum ETFs will have significant demand. He claims he can pull it off.
<h2 id="vaneck-predicts-potential-increase-in-ethereum-etf-demand">VanEck Predicts Potential Increase in Ethereum ETF Demand</h2>
The anticipation surrounding a potential Ethereum ETF comes as VanEck aims to support capital inflows into the fund by reducing its Bitcoin Fund's management fee to zero for a limited period of time.
VanEck Portfolio Manager Pranav Kanade expressed optimism about the potential for an Ethereum ETF to rival or even surpass the demand for Bitcoin ETFs.
He noted that Ethereum's ability to generate fees for token holders, particularly through staking rewards, could make Ethereum a more attractive asset to a wider range of investors.
Related News: <a href="https://en.bitcoinsistemi.com/jpmorgan-reveals-the-main-reason-for-the-big-rally-in-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">JPMorgan Reveals the "Main Reason" for the Big Rally in Bitcoin</a>
Underlining Ethereum's cash-generating ability, Kanade said, “From a market perspective, the market cap of the spot ETH ETF is believed to be potentially larger, if not larger, than the spot Bitcoin ETFs.”
Ethereum's Proof of Stake consensus mechanism allows Ethereum holders to earn returns by staking their tokens, a feature not available in traditional Bitcoin ETFs.
Despite this advantage, approval of spot ETH products by the SEC remains uncertain, with analysts at Bloomberg estimating the probability at only 30% by May.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-etf-statement-from-investment-company-vaneck-it-may-exceed-bitcoin-demand/" rel="noopener noreferrer nofollow">Ethereum ETF Statement from Investment Company VanEck: 'It May Exceed Bitcoin Demand!'</a>

Ethereum ETF Statement from Investment Company VanEck: 'It May Exceed Bitcoin Demand!'

Table of Contents

Bitcoin Sistemi EN

Other articles published on Mar 15, 2024

UK financial watchdog eases restrictions on crypto-backed exchange-traded notes

Bitcoin Price Prediction: BTC Plunges 7% As Experts Say This Green Alternative May Be The Best Cr...

MicroStrategy Unveils New Debt Offering to Bolster Bitcoin (BTC) Position

Senators pressure SEC’s Gensler not to approve any more crypto ETFs

NEC Harnesses AI to Slash Labor Costs by 70% in Software Engineering Tasks

VanEck Says Ethereum ETF Market Has Bigger Potential Than Bitcoin ETFs Because Of ETH Staking Rew...

Join our free newsletter for daily crypto updates!