Krutika Adani
Crypto analyst Noel Acheson believes Ethereum ETFs would be more disappointing than Bitcoin ETFs.
The primary reason stated by Noel is that there is less hype around Ethereum ETFs, which might make them less popular than Bitcoin ETFs.
Despite an expected sluggishness in Ethereum ETFs, the price of ETH won’t be impacted due to Ethereum’s dominance in DeFi markets.
However, to understand the full effect of ETFs on price, analysts suggest observing the performance of these ETFs in the coming months.
Despite their approval in early January 2024, Bitcoin ETFs took until late April to show their full impact on BTC prices.