Ether Has 'Much More in Common' With Bitcoin in the ETF Space: Volatility Shares CIO

Right. So, I mean, in the ETF space, um Ether has got much more in common with Bitcoin than it has with any of the other coins or tokens. And, and the reason for that is, uh there are regulated futures listed on Ether and there are regulated futures um listed on, on, on Bitcoin. So the, the there, there's going to be this ongoing um discussion about, you know, what's better, there's a spot better than a futures based ETF. The reality is I, I, I'm not, I'm not sure anybody really has the answer to that. But what, what I do know is that bringing an ETF to markets that uses the financial infrastructure, this financial regulation and infrastructure that already exists is a lot easier than trying to work around it. So, you know, trying to use coins that are traded on unregulated exchanges, possibly on market, make by um unregulated market makers, et cetera is always gonna be a much bigger lift than using the infrastructure that exists. So our approach has been to use rules that were um adopted um around around ETF S and to use products that's to trade products on the underlying that are already regulated by the SEC or the CFTC. And that, that's where, that's where Ether differs. So e Ether futures trading on the CME are liquid. Um, the, the open interest in them has been growing, you know, so we look at this and we say, well, you know, we, we, we, we're willing to have that argument and say what, what's really the difference here between these and Bitcoin.