Charles Yu, vice president of research at Galaxy Digital, said in a report that up to $7.50 billion is expected to flow into a spot Ethereum ETF within the first five months.
Yu wrote that the Bitcoin ETF had a net inflow of $15.10 billion since its launch through June 15. If his prediction is correct, similar Ethereum funds could see inflows of between $3 billion and $7.50 billion. This is largely in line with Bitwise CIO Matt Hougan's prediction that the U.S. spot ETH ETF could attract net inflows worth $15 billion in the first 18 months after its launch.
"We think the launch of a spot Ethereum ETF will have a big positive impact on market adoption of Ethereum and the broader cryptocurrency market," Mr. Yu added. He noted that ETFs would help legitimize ETH in the eyes of institutional investors, policymakers and regulators. Demand would likely be driven by independent investment advisers and broker-dealer platforms, he said.
Galaxy Digital: $7.50 billion expected to flow into spot Ethereum ETF in first five months
2024-06-27 19:33:43
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