The post Crypto News: Will the Ethereum ETF Outshine the Bitcoin ETF? appeared first on Coinpedia Fintech News
In an unexpected turn of events, analysts are tipping an Ethereum futures ETF for approval by the US Securities and Exchange Commission (SEC) ahead of its Bitcoin counterpart. Bloomberg ETF analysts argue that this year, Ethereum’s chances of scoring an ETF approval could potentially outshine Bitcoin’s.
Ethereum ETFs: The New Front Runner?
As the SEC grapples with a deluge of Bitcoin and Ethereum ETF filings, Bloomberg analysts are leaning towards Ethereum, predicting a 75% chance of an Ethereum ETF approval, compared to 65% for a Bitcoin ETF. Analyst Eric Balchunas ups the ante, placing Ethereum futures ETF’s odds at a whopping 95%.
Wall Street icon Cathie Wood: Multiple #Bitcoin ETFs “likely to be approved at the same time.”
Bullish pic.twitter.com/AOJxT9CyhQ
— Bitcoin Magazine (@BitcoinMagazine) August 2, 2023
The rationale for such predictions is based on the su
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