Global Ethereum ETPs outperformed Bitcoin ETPs in the past week
Global Ethereum exchange-traded products (ETPs) have outperformed Bitcoin ETPs in the past week, ahead of the expected launch of the first Ethereum spot ETF in the US on July 2. Data shows that Ethereum ETPs have seen four consecutive weeks of net inflows, totaling 86,472 ETH, while Bitcoin ETPs have seen net outflows of 12,523 BTC. Matt Hougan, Chief Investment Officer of Bitwise, pointed out that investors should consider diversifying their portfolios and increasing exposure to Ethereum spot ETFs to capture more blockchain use cases. It is expected that eight companies, including BlackRock and Fidelity, will push for the approval of Ethereum spot ETFs in the final review process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Liminal Custody insists Rs 2000 crore hack was from WazirX’s end
WazirX and Liminal Custody have engaged in a bitter blame game as lakhs of users are awaiting their funds recovery, the prospects of which are fading day by day.
Starknet will hold its first mainnet governance vote via Snapshot X on September 10
Snapshot X is officially released, enabling zero-gas on-chain voting through Starknet
