VanEck manager believes that Ethereum ETFs can outperform Bitcoin ETFs.
Portfolio manager of the American VanEck fund management Pranav Kanade believes that #Ethereum-ETF will attract more investor attention than the Bitcoin ETF launched in January this year o year. The market size for Ethereum spot ETFs is potentially as large as for Bitcoin spot ETFs, and maybe even larger, says Kanade. Kanade's opinion is consistent with the belief of some members of the crypto community, who believe that Ethereum ETFs will not have much success, since they do not provide the opportunity to receive income from them kinga. The world of investors who need assets that generate money is huge, and funds can generate income, which is then received by token holders. Even if Ethereum-ETF cannot be sent for staking, it is still a financial asset, so I think that Ethereum can be more profitable than Bitcoin,” Kanade counters. On the other hand, the expert admits that it will not be easy to surpass spot Bitcoin ETFs, which have already received more than $11 billion since launch. Kanade estimated the chances of the Ethereum-ETF being approved by the US Securities and Exchange Commission (SEC) at 50%. This is significantly higher than Bloomberg analysts predicted. In their opinion, the chances of a positive decision on the funds do not exceed 30%. Earlier, SEC commissioner Esther Pierce, nicknamed Cripto Mom, said that Ethereum-ETFs would be approved.
