According to Bloomberg ETF analyst Eric Balchunas, it is estimated that the asset value of the Ethereum spot ETF may only be 10-15% of the Bitcoin spot ETF. Based on the current estimated total asset value of the 11 Bitcoin spot ETFs of $58.6 billion, it is approximately $5.8-8.8 billion. However, Balchunas believes that this is already quite good for a newly issued ETF.
ETF Issuers Compete to Submit Documents, Is There Really a Chance of Ethereum Spot ETF Approval on 5/23?