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Wintermute: The Ethereum ETF will only receive 10% to 12.5% of the expected total Bitcoin ETF
Cryptocurrency market maker Wintermute wrote Monday that it expects the Ethereum ETF to receive between $3.20 billion and $4 billion in assets in its first year. The firm expects the Bitcoin ETF to accumulate around $32 billion by the end of the year, meaning the Ethereum ETF will only receive between 10% and 12.5% of the total assets the Bitcoin ETF is expected to receive. Wintermute said that in this scenario, the price of ether could rise by 18% to 24%.
2024-07-23 07:37:14
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