Defiance Capital Founder Anticipates Retail Interest in ETH Spot ETF

IconCryptoNewsTerminal Staff25 May, 2024

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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.”