Ethereum B Aja ETF Launches And Doesn't Seem To Be Bitcoin ETF, According To Anthony Pompliano

JAKARTA - American entrepreneur Anthony Pompliano recently spoke on the CNBC's Squawk Box regarding the long-awaited launch of ETF Ethereum and its impact on the market. According to Pompliano, Ethereum's ETF story is not as clear as ETF's Bitcoin, but will bring broader adoption to the crypto industry.

On Tuesday, Anthony Pompliano, CEO of Professional Capital Management, discussed the latest milestone for the crypto industry. In an interview with CNBC, this American businessman shared his views on the approval and launch of the Ethereum spot ETF.

Pompliano stated that the Bitcoin (BTC) ETF has had a major impact on its industry and adoption, calling it something historic, perhaps the best ETF launch in history. He noted that BTC-based investment products continue to list substantial inflows.

"One of the interesting statistics is that BlackRock's Bitcoin ETF already has more inflows than QQQ this year," said Pompliano, highlighting that, just yesterday, BTC products had nearly $500 million (IDR 8 trillion) inflows.

These figures raise the question of whether the launch of the second crypto-related ETF would be as big as the first. Bull BTC believes that it will not be comparable to the BTC ETF numbers because "people don't talk about that much. Media attention, hype, and all that doesn't really exist."

Pompliano considers that the reason for the lack of attention from the media and the public is because the story of ETH is "not as clear as" BTC. He explains that the story is clear with Bitcoin, it's digital gold, while people talk about Ethereum as a tech platform' with a lot of competition.

Crypto Adoption Through ETF

Crypto adoption, especially through the ETF, has become a major topic in the financial world. The first Bitcoin ETF in the United States, launched by ProShares in 2021, drew significant attention and investment, giving a strong signal that crypto assets are being recognized among institutional investors. However, Ethereum ETF may face bigger challenges.

According to data from CoinMarketCap, Ethereum is currently the second largest cryptocurrency by market cap after Bitcoin. However, the fundamental difference between the two makes ETF Ethereum's adoption path more complex. While Bitcoin is often considered a "digital gold" with a clear narrative, Ethereum is seen as a technology platform with advanced smart contract capabilities.

Even so, the launch of Ethereum's ETF remains an important step for the crypto industry. This ETF is expected to provide easier access for retail and institutional investors to invest in Ethereum, which in turn could increase market liquidity and stability.

With wider adoption, Ethereum could cement its position as a major player in the global crypto ecosystem, although its competition is tighter than Bitcoin. The launch of the ETF could also encourage further development of decentralized applications (dApps) and smart contracts on the Ethereum network.