Katalin Tischhauser, head of investment research at Sygnum Bank and a former Goldman Sachs executive, said that since Ethereum's market cap is only one-third that of bitcoin, its relative inflows are expected to be between 15-35% of bitcoin, with inflows expected to be between $5 billion and $10 billion in the first year.
It also said that because ETH's value is primarily derived from income and cash flow rather than as a safe haven asset, it is "more relevant to traditional institutional investors than the concept of digital gold".
Tischhauser pointed out that if the inflows of Ethereum in the previous months were similar to those of the BTC ETF, the price of ETH could reach $6,000.
Sygnum Bank: Ethereum ETF could reach $10 billion in first year
2024-08-01 06:51:07
Sygnum bank investment research director former Goldman Sachs executive katalindesk3cryptocurrencydesktopCrypto News
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