Analysts Predict Ethereum ETFs Could Boost ETH to $6500
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Researchers are predicting a significant capital flow into spot Ethereum ETFs, with Steno Research estimating that inflows could reach $20 billion within one year. Firm believes this influx of capital would push ETH’s price to $6,500 this year.
Spot Ethereum ETFs could attract a large amount of capital in their first year, potentially driving Ether’s price to $6,500 by the end of 2024, according to research from Steno. The Denmark-based firm predicts a net inflow of $15 billion to $20 billion into these newly approved investment products, which could launch as early as next week.
Steno Research finds Ethereum to possess qualities that appeal to Wall Street, hence the validation for its spot ETFs to attract $20 billion in the first year after their launch.
