Saturday, August 23, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Ethereum ETFs face rocky start but retain strong growth potential affirms Bitwise CEO

21 October 2024
in Crypto Exchanges
Reading Time: 3 mins read
0 0
A A
0
Home Crypto Exchanges
Share on FacebookShare on Twitter


Receive, Manage & Grow Your Crypto Investments With Brighty

Bitwise CEO Hunter Horsley has defined why he believes not too long ago launched spot Ethereum exchange-traded funds (ETFs) have seen considerably decrease buying and selling volumes and inflows in comparison with their Bitcoin counterparts.

In an Oct. 21 put up on X, Horsley acknowledged that Ethereum ETFs have underperformed however identified that the funds from his agency, BlackRock and Constancy, are nonetheless among the many high 25 fastest-growing new ETPs this yr.

SoSoValue knowledge exhibits BlackRock’s ETHA has attracted $1.45 billion in web inflows, whereas Constancy’s FETH and Bitwise’s ETHW have seen inflows of $498 million and $321 million, respectively.

Total, knowledge exhibits that the Ethereum ETFs have skilled detrimental flows of roughly $500 million because of the numerous outflows from Grayscale Ethereum Belief and the tepid demand for the opposite ETH funds.

Why Ethereum ETFs are struggling

Horsley highlighted a number of causes behind Ethereum ETFs’ gradual begin, explaining that one key issue that impacted the merchandise was the timing of their launch.

In response to him, the Ethereum ETFs launched throughout the summer time, a historically gradual funding interval throughout which traders monitor market exercise fairly than tackle new tasks.

He furthered that the Ethereum ETFs debuted in a comparatively flat market, whereas Bitcoin ETFs entered the scene throughout a bull market, which drew extra consideration and funding. Horsley famous that many traders have been nonetheless specializing in Bitcoin when Ethereum ETFs launched, making it troublesome for Ethereum to seize the highlight.

He defined:

“For a lot of conventional traders, a while has been and continues to be wanted to determine learn how to incorporate Bitcoin after the launch of the ETPs. Ethereum arriving earlier than that was solved, made it arduous to show consideration to it.”

What about staking?

Horsley additionally addressed issues about whether or not the shortage of the staking function was considerably impacting the Ethereum ETFs.

The Bitwise CEO acknowledged that he doesn’t consider the shortage of staking yield is a major concern, noting that almost all ETH holders aren’t at the moment staking their property.

Nevertheless, Horsley highlighted the success of Bitwise’s European franchise, which presents a fund (ET32) that gives publicity to Ethereum whereas capturing staking rewards. He stated this fund has been “rising properly,” and the same function would profit the US-based funds.

Staking is a vital aspect of Ethereum’s proof-of-stake (PoS) system, the place customers lock up their Ethereum to validate transactions and earn rewards. Nevertheless, the US Securities and Alternate Fee (SEC) has expressed issues that staking providers could qualify as unregistered securities choices and has taken authorized actions in opposition to crypto platforms like Kraken.

The ETF issuers unsurprisingly excluded staking from their funds in response to those authorized dangers.

Regardless of these challenges, Horsley emphasised that it’s too early to evaluate Ethereum ETPs’ long-term potential. He believes “the story for Ethereum ETPs is simply starting.”

Talked about on this article



Source link

Tags: AffirmsBitwiseCEOETFsEthereumfacegrowthPotentialretainRockyStartStrong
Previous Post

Why Are Ethereum ETFs Underperforming? Bitwise CEO Reveals

Next Post

Crypto On-Ramp Service Transak Targeted in Data Breach

Related Posts

Here’s What Retailers Are Saying Right Now – eToro
Crypto Exchanges

Here’s What Retailers Are Saying Right Now – eToro

22 August 2025
Coinbase’s Brian Armstrong envisions $1 million Bitcoin by 2030
Crypto Exchanges

Coinbase’s Brian Armstrong envisions $1 million Bitcoin by 2030

22 August 2025
Fed Governor Waller says ‘there is nothing scary’ in payments using DeFi rails
Crypto Exchanges

Fed Governor Waller says ‘there is nothing scary’ in payments using DeFi rails

20 August 2025
UAE real estate hits new highs in 2025
Crypto Exchanges

UAE real estate hits new highs in 2025

19 August 2025
The Daily Breakdown: Palo Alto Networks Rallies on Earnings Beat
Crypto Exchanges

The Daily Breakdown: Palo Alto Networks Rallies on Earnings Beat

21 August 2025
SEC delays decisions on several crypto ETFs amid work on streamlined approval process
Crypto Exchanges

SEC delays decisions on several crypto ETFs amid work on streamlined approval process

19 August 2025
Next Post
Crypto On-Ramp Service Transak Targeted in Data Breach

Crypto On-Ramp Service Transak Targeted in Data Breach

Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect

Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

A Russian Hacking Group Is Using Fake Versions of MetaMask to Steal $1M in Crypto – Decrypt

10 August 2025
Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

Ethereum Reclaims $4,600 With Unprecedented $1 Billion In Spot ETF Inflow

13 August 2025
XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

XRP Price Blasts Higher by 10%, Bulls Eye Even Bigger Gains

8 August 2025
PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

PEPE Gears Up For 120% Move As Indicators Point To An End Of Decline | Bitcoinist.com

8 August 2025
Here Are 4 Major XRP Developments You Might Have Missed This Week | Bitcoinist.com

Here Are 4 Major XRP Developments You Might Have Missed This Week | Bitcoinist.com

23 August 2025
Federal Judge Unfreezes $58M in Libra-Linked Funds – Legal Bitcoin News

Federal Judge Unfreezes $58M in Libra-Linked Funds – Legal Bitcoin News

23 August 2025
XRP’s Perfect Triangle Setup Predicts Sharp Bounce Above $3, What’s next?

XRP’s Perfect Triangle Setup Predicts Sharp Bounce Above $3, What’s next?

23 August 2025
SEC Ramps up Crypto Outreach With New Events Built to Capture Unheard Input – Regulation Bitcoin News

SEC Ramps up Crypto Outreach With New Events Built to Capture Unheard Input – Regulation Bitcoin News

23 August 2025
Coinbase’s US Training & Citizenship Rule To Thwart North Korean Threat | Bitcoinist.com

Coinbase’s US Training & Citizenship Rule To Thwart North Korean Threat | Bitcoinist.com

23 August 2025
Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal | Bitcoinist.com

Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal | Bitcoinist.com

22 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$115,498.002.89%
  • ethereumEthereum(ETH)$4,714.5210.16%
  • rippleXRP(XRP)$3.037.46%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$889.335.12%
  • solanaSolana(SOL)$202.5112.48%
  • usd-coinUSDC(USDC)$1.000.01%
  • staked-etherLido Staked Ether(STETH)$4,701.0010.13%
  • dogecoinDogecoin(DOGE)$0.23579811.05%
  • tronTRON(TRX)$0.3618671.67%