According to CoinDesk, Wintermute and Kaiko predict that initial demand for spot Ethereum ETFs may be lower than expected. Wintermute expects Ethereum ETFs to see 62% less inflows than Bitcoin ETFs over the next year.
Wintermute expects Ethereum ETF inflows to be at most $4 billion, below the $4.5 billion to $6.5 billion most analysts expected. Bitcoin ETFs have attracted $17 billion in inflows in six months.
Wintermute predicts that the price of Ethereum will rise by 24% in the next 12 months. Eight potential issuers are preparing to list in the United States, including BlackRock, Fidelity, Grayscale, etc.
U.S. regulators have rejected requests from issuers to allow collateralization for Ethereum ETFs, making them less competitive. Kaiko’s research shows that demand for futures-based Ethereum ETFs was poor last year.
Kaiko data shows that Ethereum's implied volatility rose sharply over the weekend, indicating that traders have little confidence in Ethereum ETFs. Issuers disclosed management fees last week, with Grayscale's Ethereum Trust Fund management fee being 2.5%, while most other management fees range from 0.15% to 0.25%.