21Shares United: Lack of Pledge for Ether ETFs Won't Curb Strong Institutional Demand
Institutional investors are unlikely to be concerned that U.S. spot ethereum (ETH) exchange-traded funds (ETFs) won't pledge the underlying tokens to provide additional returns, although retail investors are eager to have this built-in functionality, according to Ophelia Snyder, co-founder of digital asset management firm 21Shares. This difference in demand means that there is a potential business case for vendors to list separate and distinct products to meet the needs of both camps. Ophelia Snyder says: "If you want to engage institutional investors, you need to start by making things simple." Non-pledged products are "more palatable" to institutional investors, even if they are less popular among retail investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PIEVERSE surged, up 7.91% in 24 hours
Anthropic spends $3.4 billion to purchase gas-fired power equipment to supply electricity for data centers
In September, Anthropic directly acquired Caterpillar equipment orders worth 3.4 billion USD, securing 1.7 GW of gas generator units, marking the largest single purchase of power generation equipment in AI history. This move bypassed utility middlemen, capturing scarce capacity at prices set years ago with near-term delivery. It is part of Anthropic's plan to invest over 895 billion USD in computing infrastructure by 2045.
Why Nintendo Stock Is One to Watch Ahead of the Holiday Season
Crypto prices
More
