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International Business Times
International Business Times
Business
Marvie Basilan

JPMorgan Predicts Initial Reaction To Spot Ethereum ETFs Will 'Likely' Be Negative

How will spot Etherum ETFs perform once they begin trading? Some financial experts think the funds won't have a good start. (Credit: EpicTop10.com/flickr)

KEY POINTS

  • JPMorgan analysts are expecting demand for ETH ETFs to only be 'a fraction' compared to that of BTC ETFs
  • They said Ether doesn't have Bitcoin's 'first mover advantage' and the staking removal is disadvantageous
  • Joseph Lubin has said he doesn't expect spot ETH ETFs to start trading soon

The cryptocurrency community is anticipating the approval of S-1 filings for spot Ether (ETH) exchange-traded funds (ETFs), but some experts are not so optimistic about the crypto investment public's reception of the new funds.

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