The Federal Reserve is preparing to expand its balance sheet again by buying short-term Treasuries in an effort to prevent stress in the overnight lending market, which is crucial to the broader financial system. The Fed said it would begin expanding its balance sheet this month by buying $40 billion of treasury securities and planned to taper off the new purchases sometime next year.
According to market news: Bitcoin ETF as a whole still recorded a net inflow of $2.70 billion this week. In addition, Ethereum ETF as a whole also recorded a net inflow of $488 million.
On May 30th, JPMorgan Chase pointed out in a report that the demand for spot Ethereum ETFs will be much lower than that of Bitcoin spot ETFs. The report expects spot Ethereum ETFs to attract net inflows of up to $3 billion for the rest of the year. If staking is allowed, this figure could be as high as $6 billion.