It's not a question of if, but when the ETF would be launched," says Matt Hougan, Chief Investment Officer at Bitwise Asset Management, expressing clear confidence in the approval of Ethereum ETFs.
Positive outlooks
Bitwise has already launched a spot Bitcoin ETF and has applied for a spot Ethereum ETF. Hougan is optimistic about the future of cryptocurrency ETFs, believing that we are now in the era of crypto ETFs. Hougan stressed that even a modest allocation of 1% to ETFs within the industry would lead to an inflow of $1 trillion into the crypto space, underlining the significant potential of ETFs in the crypto market
Hougan is not alone in his optimism. Simeon Hyman, Head of Investment Strategy at ProShares, predicts that the ETF market will eventually expand to include other cryptocurrencies. According to him, over time, multiple cryptocurrency ETFs will be launched on a large scale.
What to expect
The approval of ETH ETFs, according to many, will have a significant impact on the Ethereum price, as well as the overall market. As institutional and private investors would be able to invest in crypto more easily, this would lead to an increase in market liquidity. However, we should not overlook the potential risks and challenges associated with the launch of possible ETH ETFs! Any delays or rejections could postpone the plans for the launch of these ETFs.
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