ETH ETFs Launch Weak Market Impact Could Hit Bitcoin

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Spot Ether ETFs came during a weak market and could tempt investors to diversify, putting Bitcoin’s price at risk, says Capriole Investments founder Charles Edwards.

A Bitcoin analyst thinks spot Ethereum exchange-traded funds (ETFs) may have launched too early and could threaten Bitcoin’s price if no new capital enters the market.

“It would have been better to only have the BTC ETF in 2024,” Capriole Investments founder Charles Edwards told Cointelegraph. He argues that the new Ether ETH ETFs will only distract investors who have been invested in Bitcoin


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