ChainCatcher news, according to DLNews, currently, nine applicants are waiting for approval from the U.S. Securities and Exchange Commission (SEC), and the Ethereum spot ETF is expected to be launched shortly after the Independence Day holiday. Lennix Lai, Chief Business Officer of OKX, said that investors will invest up to $500 million in these funds in the first week. Although the asset management scale (AUM) of the Ethereum ETF may not be as large as that of the Bitcoin ETF, its trading volume is expected to reach a similar level. Lai also pointed out that the launch of the new fund will trigger a new round of cryptocurrency market increases.
CCData analyst Jacob Joseph predicts that these ETFs will attract $3.9 billion in inflows within the first 100 days of trading, while Bitwise Chief Investment Officer Matt Hougan expects $15 billion in inflows within the first 18 months.
In addition, experts believe that the price of Ethereum may rise due to 27% of Ethereum being locked, and there may be a shortage of supply in the short term, making it an attractive option for institutional asset allocation. Quinn Thompson, founder of Lekker Capital, predicts that the price of Ethereum may soar to $7,000. However, some analysts are cautious about the market outlook, believing that the demand for Ethereum from traditional financial institutions may not be as expected.