VanEck Predicts Ether ETFs May Surpass Bitcoin ETFs in Popularity

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The post VanEck Predicts Ether ETFs May Surpass Bitcoin ETFs in Popularity appeared first on Coinpedia Fintech News
VanEck, the global investment firm whose Bitcoin Trust (HODL) is among the 10 spot bitcoin ETFs that became available earlier this year, thinks an ether ETF could attract colossal demand. Their Portfolio Manager, Pranav Kanade, believes that the market size for a spot ETH ETF is potentially as big as the BTC ETFs.He also thinks ETH could make more sense as an asset to more people than Bitcoin. But still, the odds of SEC approval of spot ETH products are being determined. Analysts at Bloomberg recently lowered the chances of regulatory approval to just 30%. However, Kanade places the odds at 50%.
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