Anthony Pompliano: Ethereum ETF to See Smaller Flows Than Bitcoin ETF
Anthony Pompliano predicts that the newly launched Ethereum exchange-traded fund (ETF) will not attract as much investment as Bitcoin ETFs.
In a recent TV interview with CNBC, Professional Capital Management Founder and CEO Pompliano explained that while the Bitcoin ETFs have seen massive inflows, Ethereum ETFs face more competition and lack the same level of media attention and hype.
Due to several factors, Pompliano believes that Ethereum ETFs will not attract as much investment as Bitcoin ETFs. He emphasized that Ethereum’s story is less clear than Bitcoin, which is widely recognized as digital gold.
“With Bitcoin, it’s very clear; it’s digital gold,” said Pompliano. “When you start talking about Ethereum, you’re talking about a technology platform. There’s a lot more competition, etc.”
The launch of Bitcoin ETFs were the most successful product launch in Wall Street history.
Now everyone turns to the Ether ETF that begins trading today — but I don't think the story is as clear.
I explained this morning on @SquawkCNBC
Read more on cryptonews.com
