🚀Spot Ethereum ETFs are set to launch, with a potential to attract $3-$5 billion in the first 6 months!💰
- Gemini's analysis predicts a massive boost to total assets under management (AUM) with the launch.
- Combined with existing assets in Grayscale Ethereum Trust, total AUM could reach $13-$15 billion within the first half-year of trading.📈
- Ethereum's market value compared to Bitcoin is currently low, but this influx could improve its position.
But wait, there's a twist!🔄
- Delays have been reported due to SEC requesting additional revisions to the applications.
- Despite this, approval of spot Ethereum ETFs is still expected, though timelines have been extended.
What do you think? Will this launch give Ethereum a much-needed boost? Let's chat in the comments!👇 #DeFi #Ethereum #ETFs