VanEck’s Addition of Ethereum Futures ETF Is A Positive Sign for Institutional Acceptance of Digital Assets, Industry Professional Claims

At the end of last week we saw a number of updates regarding the push for ETFs, with VanEck readying an Ethereum futures ETF, Ark pushing to win the race for the first spot Bitcoin ETF and the US Securities and Exchange Commission (SEC) delaying spot Bitcoin ETF decisions for Blackrock, Invesco and Bitwise.

Greg Moritz, COO and co-founder of Alt Tab Capital, a full-service, crypto hedge fund, commented on the developments.

On VanEck’s launch:

‘’VanEck’s addition of an Ethereum Futures ETF is a positive sign for the crypto market overall, for the institutional acceptance of digital assets, and for the likelihood of future spot ETFs being approved. The Ethereum market is a well understood commodities market and retail and institutional investors alike benefit when access is made easier.”

On Ark launching the first spot Bitcoin ETF:

“There is a ton of pent-up demand for access to crypto assets in a vehicle that investors recognize and know how to access. The creation of as many digital assets ETFs as possible, by Ark and others, is a win for the consumer and for economic freedom. There are hundreds of legitimate digital assets, many providing real-world value today. Investors are smart enough to recognize that this space has grown at a record pace and over the long run has massive potential.”

On the SEC delaying spot Bitcoin ETFs:

“What we’re seeing is an expected delay in the decision to allow spot Bitcoin ETFs. It was inevitable that the SEC would seek additional clarification on some points and this is a normal part of the ETF approval process. We’re hearing that the SEC has reached out to many of the potential ETF issuers to discuss implementation details, something that has never happened before. Creating the first ETFs for a relatively young asset class was always going to be a challenging process, but finally the mountain appears to be moving and it means we’re probably going to see those ETFs approved in the first half of next year.”

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