JPMorgan Predicts Lower Demand for Ethereum ETFs

JPMorgan projects that the new Ethereum ETF instrument might attract up to $3 billion in net inflows this year, significantly less than the demand for Bitcoin ETFs. Bloomberg analysts have echoed this sentiment, estimating that demand for Ethereum ETFs will be only 15-25% of the levels seen for Bitcoin funds.

To recap, on May 24, the SEC approved eight Ethereum ETF applications but requested the issuers to finalize their documentation. These updated forms are due by May 31, with BlackRock and Grayscale already having submitted theirs. Experts anticipate that trading in Ethereum ETFs could commence by late June or early July. $ETH #Ethereum