Those expecting spot Ethereum ETFs to see the kind of cash pouring into them the way they did for their bitcoin counterparts may be disappointed, according to analysts from JPMorgan. 

"The initial market reaction to the launch of spot ethereum ETFs is likely to be negative," wrote the team of analysts led by Nikolaos Panigirtzoglou, in its 25-page "Flows & Liquidity" report issued Thursday, of which ETH took up less than one page. 

Not keeping up with spot bitcoin ETFs

Spot ether ETFs won't see the sort of rush of money spot bitcoin ETFs did when they launched. Products in the latter category by BlackRock and Fidelity broke records by each accruing $10 billion in assets under management in a matter of weeks. 

"We believe the demand for spot ethereum ETFs would be a …