Bloomberg analyst: Ethereum spot ETF is expected to perform 20% of Bitcoin ETF

PANews May 29 news, Cointelegraph reported on the X platform that regarding the expected performance of the Ethereum spot ETF, Bloomberg ETF analyst Eric Balchunas said that an "exactly the same horse race" is expected, similar to the spot Bitcoin ETF, but the trading volume is expected to be lower: "I would divide all the numbers you see on Bitcoin by about 10. So, in the next few weeks, the Ethereum spot ETF may only have a total trading volume of about $1 billion to $2 billion." However, Balchunas updated his views under this post, saying: "10 may be a bit too much... But at least in terms of the liquidity/trading volume/media attention/all aspects of the Ethereum spot ETF relative to the Bitcoin spot ETF, I will at least divide it by 5. That is to say, according to the standards of normal ETFs, if the Ethereum spot ETF can capture 20% of the Bitcoin ETF, it will be a huge victory/successful issuance."