BlockBeats news, July 2, according to CoinDesk, cryptocurrency trading platform Gemini said in a research report on Monday that once the Ethereum spot ETF is approved for trading in the United States, net inflows in the first six months may reach US$5 billion.
The report said that the total assets under management of U.S. Ethereum spot ETFs reached $13 billion to $15 billion in the first six months. Ethereum prices are still undervalued relative to Bitcoin. If the ETH/BTC exchange rate returns to the median of the past three years, it could rise by nearly 20%.
