Summary
TLDR: The odds of a spot Ethereum ETF emerging soon are slim, but experts believe it may be better for traditional finance to take more time to adopt Bitcoin ETFs first. Interest in Ethereum among financial advisors is lower compared to Bitcoin, and stablecoins are gaining traction. Bloomberg analysts do not expect Ethereum ETF approval by May 23, and legal issues around staking could further delay the process. Investors should be prepared for potential disappointment as approval may be pushed to the third quarter of 2024 or later.
Key Points
1. The odds of a spot Ethereum ETF emerging soon are slim, but some experts believe it may be beneficial for the market to wait for more adoption.
2. Bitcoin spot ETFs have seen significant inflows since launching in January, with experts like Matt Hougan highlighting the potential for further growth in this space.
3. Concerns around incorporating staking in ETFs and unresolved legal issues may delay SEC decisions on Ethereum ETFs until the third quarter of 2024 or later, potentially disappointing investors expecting approval sooner.