VanEck, a leading global investment firm known for its innovative Bitcoin Trust (HODL), which is among the first ten spot bitcoin ETFs launched this year, is now turning its focus to Ether. Pranav Kanade, a portfolio manager at VanEck, believes that an Ether ETF could potentially attract even more demand than its bitcoin counterparts. Despite over $10 billion net inflows into bitcoin ETFs in just two months, Kanade sees a bigger market for Ether, citing its ability to generate fees for token holders as a key advantage. Ethereum’s Proof of Stake mechanism allows holders to earn yield through staking, offering about a 3% yield on platforms like Coinbase. This feature positions Ether as a more appealing asset for a broader investor base. However, the SEC’s approval for spot ETH products remains uncertain, with analysts estimating a 30% chance of success, while Kanade is more optimistic, estimating the odds at 50%.

Coindesk