Defiance Capital Founder Anticipates Retail Interest in ETH Spot ETF
CryptoNewsTerminal Staff25 May, 2024
Defiance Capital Founder Anticipates Retail Interest in ETH Spot ETF
Defiance Capital founder, Arthur Cheong, believes that retail investors will be highly interested in ether spot exchange-traded funds (ETFs) upon their launch. “Approximately 70% of the bitcoin spot ETF was acquired by retail investors,” Cheong stated. “Personally, ETH was the first cryptocurrency I purchased. I believe that the majority of retail investors initiated their crypto journey with ETH in 2017. ETH, the decentralized technological foundation powering web3's economy, should be compelling to retail investors.”