Bloomberg: Many industry insiders expect Ethereum spot ETF demand may be much lower than Bitcoin

Analysts say demand for Ethereum spot ETFs may be much lower than that for Bitcoin spot ETFs. “Ethereum doesn’t have the name recognition of Bitcoin,” said Caroline Bowler, CEO of BTC Markets Pty. She added that Bitcoin’s market cap is three times that of Ethereum at $1.4 trillion, so she believes “it won’t have the same impact.” JPMorgan strategists led by Nikolaos Panigirtzoglou estimate that the proposed Ethereum portfolio will attract a “modest” net inflow of $1 billion to $3 billion over the rest of the year. Eric Balchunas, senior ETF analyst at Bloomberg, said these products may struggle to capture 20% of U.S. Bitcoin ETF assets, which currently have $62.5 billion in assets. Veter Lunde, senior research analyst at K33 research, is more optimistic, predicting that $4 billion in net inflows in the first five months will boost Ethereum, with a “huge supply absorption shock.” (Bloomberg)