This week bitcoin prices reached over $60,000 — the highest level since November 2021. Since the launch of spot bitcoin ETFs in early January, demand continues to pile on. So far the nine new spot ETFs (ex-GBTC) have seen over $7 billion in net inflows. Meanwhile, ether prices have quietly shot up to $3,300 — the highest level since April 2022. Spot ether ETFs, however, have received relatively less attention. There may be less demand given ether’s cryptomarket share versus bitcoin’s cryptomarket share. But there are some interesting drivers behind the spot ether launch. Like many other “fringe” ETF segments, there ... (full story)