According to TechFlow, according to Coindesk, Galaxy Research reported that Ethereum spot ETFs may see a net inflow of $5 billion in the first five months of trading. The report pointed out that Ethereum is more price sensitive to ETF inflows than Bitcoin because a large amount of ETH is locked in pledges, cross-chain bridges, and smart contracts. Independent investment advisors and brokerage platforms will be the main source of demand, but the lack of pledge rewards may limit demand.

Analyst Charles Yu said: "We expect net inflows into ETH ETFs in the first five months to be 20-50% of net inflows into BTC ETFs, and our target is 30%, which means a net inflow of $1 billion per month." However, outflows from Grayscale Ethereum Trust (ETHE) may have a drag on ETF inflows, with negative flows expected to be around 319,000 ETH or $1.1 billion per month.