As Bitcoinist previously reported, market experts are optimistic about the impact of Ethereum ETFs: Sean Farrell of Fundstrat expects net inflows of more than $5 billion in the first few months of trading.
Similarly, JP Morgan strategists, led by Nikolaos Panigirzoglou, expect net inflows of between $1 billion and $3 billion into the #BTC #ETF portfolio by the end of the year.
Vetle Lunde, senior analyst at K33 Research, predicts a significant net inflow of $4 billion in the first five months, which could lead to a surge in the price of Ethereum due to increased demand.
Bitwise Asset Management also made a notable announcement, saying that 10% of the profits generated from the Bitwise Ethereum ETF (ETHW) will be donated to support the development of the open-source Ethereum protocol. The asset management company said that
We cannot take the properties of Ethereum and its underlying protocol for granted, and #ETHW is pleased to support the work of those working on the Ethereum protocol - the people behind the scenes who work tirelessly every day to improve the security, scalability and usability of Ethereum. We are excited to be able to support Donations will be made annually for at least the next ten years. The organizations to which donations will be made will be reviewed annually and are subject to change.
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