Galaxy's Five-Month Forecast for Ethereum: It Could Grow by $7.5 Billion!

Investment firm Galaxy Digital said spot Ethereum ETFs could grow by billions of dollars in a short time.

Analysts expect the US Securities and Exchange Commission (SEC) to also approve the S-1 filings and spot Ethereum ETFs to hit the market within the next week.

Can attract billions of dollars in a short time

According to Galaxy Digital researchers, Ethereum ETFs can attract 20-50% of the investments made in Bitcoin ETFs within the first five months after entering the market.

Spot Bitcoin ETFs received a net $15.1 billion in investments from January when they opened for trading to June 15. Accordingly, money between $3 billion and $7.5 billion can enter Ethereum funds in five months.

Bitwise's chief investment officer, Matt Hougan, made a similar comment, saying that spot Ethereum ETFs could attract $15 billion in investment within 18 months.

Can bring Ethereum to wider audiences

“Bitcoin ETFs have been around for just under six months and give a good lead into predicting how spot Ethereum ETFs will react,” said Charles Yu, Deputy Director of Research at Galaxy.

“We believe that the introduction of Spot Ethereum ETFs will have greatly positive impacts on Ethereum adoption and the crypto market in general,” Yu said.

Yu added that with spot ETFs, Ethereum will become more legitimate in the eyes of institutional investors.