According to trader and crypto expert Gordon Grant, potential demand for spot ETH-ETFs will be low among large investors. The reason is the lack of staking, which is excluded from the applications of exchange-traded fund providers.

Gordon Grant believes that owning ETH directly, rather than shares of funds, brings more benefits to institutional investors. This is what distinguishes spot ETFs for ether from investment products based on Bitcoin, the trader emphasized.

“This is especially true for large players. They will have enough experience to work with on-chain solutions until staking appears in spot ETH-ETFs,” Grant said.

The US Securities and Exchange Commission (SEC) partially approved the ETH-ETF in late May, but only after issuers excluded staking from their filings due to its regulatory uncertainty.

According to the analyst, until the issue regarding the regulation of staking is resolved at the legislative level, one should not expect a significant influx of capital into Ethereum ETFs.

Earlier, co-founder of the BitMEX exchange Arthur Hayes said that after the launch of exchange-traded funds for ether, a similar product will appear on the US stock market, allowing you to invest in Dogecoin (DOGE) without purchasing the coins themselves.