The US Securities and Exchange Commission (SEC) has given the green light to spot Ethereum Exchange-Traded Funds (ETFs). The crypto industry is buzzing with anticipation. Today's launch marks a significant milestone.

Anthony Pompliano, CEO of Professional Capital Management, shared his thoughts on CNBC's Squawk Box. He believes ETH ETFs will boost crypto adoption. But he reckons their story isn't as clear-cut as Bitcoin's.

Pompliano praised Bitcoin ETFs' impact. "It's probably the best ETF launch in history," he said. These products continue to see substantial inflows. He pointed out a striking stat: "The BlackRock Bitcoin ETF has had more inflows than QQQ year-to-date."

Yesterday alone, BTC products raked in nearly $500 million. But will Ethereum ETFs match this success? Pompliano doesn't think so. "People aren't talking about it as much," he noted. The hype just isn't there.

Why the lukewarm reception? Pompliano believes it's down to narrative. "The story is clear with Bitcoin. It's digital gold," he explained. Ethereum, on the other hand, is seen as a "technology platform" with "a lot more competition."

Despite this, some firms are pitching ETH ETFs as a diversification play. This could attract investors looking to spread their bets. Pompliano thinks this approach might pay off.

However, he warns that inflows won't match Bitcoin's levels. "We got to see what the flows will be like," he cautioned. One drawback? ETF holders won't benefit from Ethereum's staking rewards.

But Pompliano sees a bigger picture. He reckons today's launch will open the floodgates for altcoins. "These things come to Wall Street," he predicted. It might take time, but the door is now ajar.

This shift could reshape the crypto landscape. "What went from a zero to one 'Is it going to be Bitcoin or is it not?' is now going to be a crypto industry," Pompliano explained. This could trigger a portfolio approach to crypto investing.

In the end, Pompliano expects decent inflows for Ethereum ETFs. He also predicts a price bump for ETH. But he tempers expectations: "It's not going to be to the magnitude that people are hoping for."