Jul 31 2024 5 mins
This story was originally published on HackerNoon at: https://hackernoon.com/spot-ether-efts-top-$1-billion-in-volume-but-bitcoin-comparisons-could-be-short-lived.
Is the ETH ETF’s performance a statement of intent or a flash in the pan?
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The launch of nine-spot Ether exchange-traded funds (ETFs) heralded a brave new world for cryptocurrency adoption on Wall Street. Is the ETH ETF’s performance a statement of intent? Or a flash in the pan? Spot Ether ETFs commanded an opening day cumulative trading volume of $1.08 billion. But there are some warning signs that the impact of the ETHETF may not be all it seems.