Spot ether ETFs show crypto is 'major asset class': Bitwise CIO

By Yahoo! Finance | Jul 23, 2024 at 06:08 PM EST

New ether ETFs debuted with strong demand, trading over $1 billion on the first day. Bitwise CIO Hougan expects 20-30% of Bitcoin ETF flow to move to ether, potentially transforming the crypto landscape. Ethereum offers high returns and diversification benefits.

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