Analysts: Institutional interest in spot Ethereum ETFs weakened by lack of collateral
2024-06-13 12:24:22
Gordon Grant, a cryptocurrency derivatives trader, said that spot Ethereum ETFs will become less attractive to institutional players until they can be staked, and many may wait for the pledge to be approved before allocating funds to such funds. Gordon Grant pointed out that until the spot Ethereum ETF is enabled, institutional traders will use on-chain solutions.
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