Bankless ETH ETFs Begin Trading | Matt Hougan
5 snips
Jul 24, 2024 
Matt Hougan, Chief Investment Officer at Bitwise and crypto asset expert, dives into the recent launch of Ethereum ETFs, which saw a staggering $1.1 billion in volume. He discusses how traditional firms like BlackRock are attracting investors and the significant implications for ETH's market dynamics. The conversation also contrasts the appeal of Ethereum ETFs versus Bitcoin ETFs while exploring the increasing mainstream acceptance of digital assets. Will these ETFs lead to ETH's big price breakout? Tune in for the insights!
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Successful ETH ETF Launch
- Ethereum ETFs launched with over $1 billion in trading volume and $100 million in inflows.
- This signals strong demand for ETH exposure in an ETF format, exceeding expectations.
Bitwise's Strong ETF Performance
- Bitwise's ETH ETF (ETHW) saw $200 million in inflows, ranking second behind BlackRock.
- This success is attributed to Bitwise's crypto-native approach and community support.
Community Preference for ETHW
- Ryan revealed having Grayscale Ether in retirement accounts and considered switching to a lower-fee ETF.
- Crypto Twitter recommended Bitwise's ETHW due to its Protocol Guild donations.