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Spot ether ETFs began trading Tuesday, but are facing pressures in their second day. ETF Expert Dave Nadig joins Wealth! to discuss this trading debut.

Nadig describes ethereum (ETH-USD) and bitcoin (BTC-USD) as "two sides of the same crypto investor coin." While he believes bitcoin will always be perceived as "digital gold," he suggests the ether ETF may offer diversification opportunities for investors: "It does give you access to very, very different parts of the crypto market."

Regarding the muted price reaction within ethereum, Nadig points to a "sell the news" dynamic occurring in the markets. He also notes that while approximately $107 million was invested in the spot ether ETFs, nearly $87 million in outflows occurred from bitcoin ETFs. "Is that money selling bitcoin to buy eth? I think there's a reasonable chance that's true," Nadig speculates.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith