ETH futures ETF performance is way below expectations. Here's why:
1. SEC approved the ETF in a rush. The essential readiness for investors was not ensured which is of paramount importance for a new cracker.
2. The crypto market is surrounded by all kinds of uncertainty. SEC itself is the culprit. Going into lawsuits against market drivers, delaying decisions on ETFs, being hostile to the grand exchanges like Binance, baselessly pronouncing some projects as securities, not honouring court decisions to serve applicants in time; and the list goes on. Crypto community wants Gary Gensler to be removed.
3. Slow down and a poor performance by the blue chips in commodities as well as stocks recorded in the recent past. The time was just not right for a poorly managed ETF.
1. SEC approved the ETF in a rush. The essential readiness for investors was not ensured which is of paramount importance for a new cracker.
2. The crypto market is surrounded by all kinds of uncertainty. SEC itself is the culprit. Going into lawsuits against market drivers, delaying decisions on ETFs, being hostile to the grand exchanges like Binance, baselessly pronouncing some projects as securities, not honouring court decisions to serve applicants in time; and the list goes on. Crypto community wants Gary Gensler to be removed.
3. Slow down and a poor performance by the blue chips in commodities as well as stocks recorded in the recent past. The time was just not right for a poorly managed ETF.