Ethereum

Bitcoin ETF

Rewards

<p><span style="font-weight: 400;">The Ethereum ETF (exchange-traded fund) market has more potential than that for spot Bitcoin ETF investment vehicles because the ETH network also offers staking rewards.</span></p> 
<p>That’s according to Pranav Kanade, a portfolio manager with fund management giant <a href="https://insidebitcoins.com/news/bitcoin-to-hit-all-time-high-within-a-year-on-falling-us-interest-rates-halving-vaneck-says"><span style="font-weight: 400;">VanEck.</span></a></p> 
<p>“The world of investors who are looking for cash-producing assets is massive and ETH obviously generates fees that goes to the token holders,” Kanade told CoinDesk. “Even if you don’t have an ETF that can offer staking as a part of it, it’s still a cash-producing asset, so I think ETH could make more sense as an asset to more people than Bitcoin does.”</p> 
<h2 id="span-style-font-weight-400-ethereum-etf-viability-questioned-span"><span style="font-weight: 400;">Ethereum ETF Viability Questioned</span></h2> 
<p><span style="font-weight: 400;">Kanade’s prediction comes amid speculation that Ethereum ETFs will not allow staking rewards to be distributed to ETF investors.</span></p> 
<p><span style="font-weight: 400;">The portfolio manager acknowledged this potential shortcoming, but said that Ethereum ETFs are “still a cash producing asset” regardless of whether they pay out staking rewards to investors directly.</span></p> 
<p><span style="font-weight: 400;">This could be “massive” for “investors who are looking for cash producing assets,” he said.</span></p> 
<p><span style="font-weight: 400;"> <img decoding="async" src="https://external-preview.redd.it/vanecks-amended-application-for-spot-bitcoin-etf-signals-v0-96XJjNINr6HqxjsGAdtsj874nPOuV5RotaGhV-iqBSw.jpg?auto=webp&amp;s=1adc3571d11bdb34ad0b1964b35dd7d03eea6ebf" alt="VanEck's Amended Application For Spot Bitcoin ETF Signals Crypto Market Evolution : r/BitcoinIndia"></span></p> 
<h2 id="span-style-font-weight-400-spot-bitcoin-etf-activity-spikes-again-span"><span style="font-weight: 400;">Spot Bitcoin ETF Activity Spikes Again</span></h2> 
<p><span style="font-weight: 400;">The ten spot Bitcoin ETFs that launched in the US have already recorded $10 billion inflows in just two months. </span><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-vanecks-bitcoin-etf-volumes-surge-1400-as-experts-say-this-btc-cloud-mining-token-might-be-the-best-altcoin-to-buy-now"><span style="font-weight: 400;">Trading volumes</span></a><span style="font-weight: 400;"> for these investment products have also surged.</span></p> 
<p><span style="font-weight: 400;">The collective volumes of the US spot Bitcoin ETFs have this month already surpassed figures recorded in January and February, according to Bloomberg ETF analyst Eric Balchunas.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Here's monthly volume for the ten btc ETFs. March is only half over but has already smashed the numbers from Feb and Jan w/ $65b. <a href="https://t.co/UpZ6pFgQgt">pic.twitter.com/UpZ6pFgQgt</a></p> 
 <p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1768373227405865151?ref_src=twsrc%5Etfw">March 14, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Meanwhile, VanEck’s spot Bitcoin ETF, HODL, saw its trading activity jump to $258 million after it announced it would </span><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-vaneck-slashes-its-bitcoin-etf-fees-to-zero-as-traders-rush-to-buy-this-green-btc-alternative-offering-135-apy"><span style="font-weight: 400;">reduce all sponsor fees to zero</span></a><span style="font-weight: 400;"> for the first $1.5 billion invested in its ETF.&nbsp;</span></p> 
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VanEck Says Ethereum ETF Market Has Bigger Potential Than Bitcoin ETFs Because Of ETH Staking Rewards

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