Regulation
Doubts About US Ether ETF Demand Herald Test for Second-Largest Token
- BlackRock, Fidelity among issuers preparing to list Ether ETFs
- JPMorgan analysts expect fraction of demand for Bitcoin funds
This article is for subscribers only.
Debut US exchange-traded funds for the Ether cryptocurrency may generate much less demand than spot-Bitcoin products, according to analysts, muddying the outlook for the second-largest token.
BlackRock Inc. and Fidelity Investments are among the issuers seeking to list Ether funds pending final Securities and Exchange Commission approvals. JPMorgan Chase & Co. strategists expect far smaller Ether ETF net inflows versus the $15.3 billion that has poured into Bitcoin vehicles this year.