Several companies have released Ethereum ETFs in the recent days. Bloomberg ETF expert Eric Balchunas mentioned in his social media post that the curiosity towards the ETFs is adequate, yet it is substantially lower in comparison to Bitcoin. Balchunas remarked that the initial trade volume for Ethereum was around $2 million which is standard to a new ETF, but it's nothing compared to the Bitcoin ETF which gained $200 million in its initial 15 minutes.
According to the expert, the amount of Bitcoin was affected by its launch in the height of a bull market. The total volume for the Ethereum ETFs is supposedly $6-7 million and it covers the top 10 if it were a true ETF which reveals the potential of Ethereum, however, Ethereum cannot match the craze of Bitcoin.
Noah Davis
- 2023-10-02
What is the Curiosity Towards Ethereum ETFs Compared to Bitcoin?
Several companies have released Ethereum ETFs in the recent days, yet the curiosity towards the ETFs is substantially lower in comparison to Bitcoin. According to the expert, the total volume for the Ethereum ETFs is supposedly $6-7 million and it covers the top 10 if it were a true ETF which reveals the potential of Ethereum, however, Ethereum cannot match the craze of Bitcoin.
