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Seven months after Bitcoin made its big debut on Wall Street, it was Ethereum's time to enter the spotlight. Spot Ethereum exchanged-traded funds — nine different ETFs from eight issuers — began trading this week and turned the normally staid world of ETF trading into a bonanza.
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"I’m not expecting that type of frenzy around spot ether ETFs," Nate Geraci, president of The ETF Store, told The Block. "That said, even if spot ether ETFs only pull-in 20-25% of the assets of spot bitcoin ETFs, that would be a highly successful result and one that I think is absolutely achievable."
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