Following the US Securities and Exchange Commission’s (SEC) approval of Ether spot ETFs in May, comments on the prospects have begun to emerge. Jag Kooner, head of derivatives at the Bitfinex exchange, said Ether funds could attract as much as 1 in 5 of the investments in Bitcoin.

“Staking permission is important…”

Speaking to The Block from the US media, the cooner said, “Estimates are more between 10%-20%. Of course, the staking issue is very important. Especially in the coming period, whether staking is allowed or not in the coming years will affect the inflow of money here.”

“Money will also enter other Ether-related areas”

Following the Ether spot ETFs, there will be money flowing into other use cases in this area, Kooner said, citing gold and silver ETFs as examples:

“Gold ETFs also attracted significant investment when they were first approved. Later, money started to flow into other gold-related financial products. Similarly, after Ether ETFs, fund managers can put money into products around them to balance both Bitcoin and Ether fund investments to minimize risk.”

Giving an example from the Silver ETF, Kooner said, “The first approved ETF was iShares’ Silver Fund, which was launched in 2006. Due to the increasing use of silver in the industrial field, investors have expanded their funds to this area. Considering the uses of Ethereum, the same may be true for ETH spot ETFs.”