The odds of spot Ethereum ETF emerging anytime soon are looking increasingly dire, but some crypto experts say that may be for the better.

“Spot Ethereum ETFs will gather more assets if they launch in December versus if they launch in May,” wrote Matt Hougan, CIO of Bitwise, on Twitter on Tuesday. “TradFi needs more time to digest the Bitcoin ETFs.”

Bitcoin spot ETFs, which hit the U.S. market on January 11, have absorbed $12 billion in net inflows since launch. One of those ETFs belongs to Bitwise itself, which now holds nearly $2 billion in BTC on behalf of clients.

Hougan has repeatedly argued that there is still ample room for greater adoption of Bitcoin ETFs by the traditional financial world, and that certain target markets—like corporations and wirehouses—are still “plugging in” to the asset.

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Author: Andrew Throuvalas

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