Bitcoin EDFs were a great success and now people are looking to eat their EDFs to see if that same success can be duplicated.

Hi everyone, I'm Rose Maureen Miller here with Stephen Erlich, the director of

Forbes Digital Assets, here to tell us more.

Thank you so much for joining me today, Steve.

Hi Rosemar.

So Steve, how has Bitcoin's recent surge impacted the interest in Ether EDFs and what challenges

might issuers face in the light of this?

So at this point, I think the wild success of the spot

Bitcoin EDFs that began trading on January 11th have really wet the appetite for

for more and by wild success I mean about 7.5 billion dollars of new net

demand has come into the market through these products. Black Rocks Bitcoin ETF

has more than $10 dollars in assets under management.

I mean, these are massive numbers.

So can this be duplicated?

Well, the next sort of date on the calendar that people are looking to is May 23rd.

That's the final deadline for the SEC to give a go or no-go decision

on a spot ether EDF application. And these will work the same way as the 5-bit coin ones.

Essentially, it would let anybody with work the same way as this 5 Bitcoin ones, essentially,

it would let anybody with an investment account

get exposure to ether without having

to go through the hassle of signing up an exchange

and custody it themselves and so on and so forth.

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