Reported 11 months ago
Analysts predict that the debut of US exchange-traded funds for Ether cryptocurrency may not attract as much demand as Bitcoin products, potentially impacting the outlook for the second-largest token. While BlackRock and Fidelity Investments are seeking to list Ether funds, JPMorgan Chase & Co. strategists anticipate smaller net inflows compared to Bitcoin. Ethereum's lack of the digital gold narrative and staking rewards common in Bitcoin could lower its appeal, despite potential optimists forecasting significant inflows. Grayscale Investments LLC plans to convert its $11 billion Ethereum offering to an ETF, potentially affecting the market dynamics. Despite Ether's current price at $3,847, it lags behind Bitcoin's performance, prompting cautious optimism among investors.
Source: YAHOO