Galaxy: Spot Ethereum ETF first five months of net inflows or $5 billion
2024-06-27 09:54:32
Galaxy Research said in a report on Wednesday that the monthly net inflow of funds into the spot Ethereum ETF could reach $1 billion once it is allowed to trade. It expects net inflows into the ETH ETF to reach 20-50% of the net inflows into the BTC ETF in the first five months, with Galaxy targeting 30%, meaning a monthly net inflow of $1 billion. Meanwhile, Galaxy warned that demand for the spot Ethereum ETF could be limited due to the lack of staking rewards.
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