Experts at brokerage Bernstein said that Ethereum-ETFs may have less demand compared to similar Bitcoin-based products. This was reported by CoinDesk with reference to the company’s report. Analysts believe that due to the lack of staking functionality in Ethereum ETFs, fewer “spot conversions” will occur. “Basic trading, which involves simultaneously buying an ETF and selling a futures contract, will likely find its takers over time. This should contribute to healthy liquidity in the ETF market,” Bernstein said in the report. Experts also added that Ethereum and other digital assets need a more advanced regulatory regime. They expect the situation to improve after the US elections at the end of 2024, "as the chances of a Republican victory grow." In addition, Bernstein noted that despite the recent decline in the crypto market, institutional adoption of cryptocurrencies continues to grow.