📝$5 billion inflows into Ethereum mutual funds #etherreum could push the price above $4,000.

✅In a new report, cryptocurrency exchange Gemini stated that these new funds could attract net inflows of between $3 and $5 billion during the first six months of trading alone. This positive outlook comes after the successful launch of #ETFvsBTC Bitcoin spot funds earlier this year.

💠The expected net inflows could translate into total assets under management of $13-15 billion for Ethereum spot ETFs #ETHETFS during the first six months of trading.

🔶This reflects expectations from financial services provider Citi, previously reported by BeInCrypto. Net inflows into #bitcoin spot bitcoin ETFs exceeded $13 billion between their launch on January 4 and May 20, Citi noted.

The bank stated that using similar adjusted flows of market capitalization, the launch of Ethereum spot ETFs could attract between $3.8 billion and $4.5 billion over the same period and raise the price of the coin by 23-28%.