Nov 12, 2024
Charts
A Tale of Two Product Launches
Nine new Bitcoin ETFs launched in January this year, along with the conversion of GBTC from a closed-end fund to an ETF. Since the launch, nearly $25b has flowed into the ETFs, mostly through BlackRock's IBIT. Fewer Ethereum ETFs were launched in July, along with the conversion of ETHE to an ETF. Commonly cited reasons for the Ethereum ETF underperformance include: lack of staking, more difficult to market than Bitcoin, poor price performance and an unattractive valuation.
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