[Survey finds U.S. investors show interest in Ethereum ETF]
Nearly a quarter of potential voters said they would consider investing in Ethereum if ETF-based products were approved, according to a poll. This will increase their interest in Ethereum and other crypto-assets other than Bitcoin.
Grayscale’s findings support analysts’ predictions for the potential success of an Ethereum ETF. Quinn Thompson, founder of Leker Capital, quoted Neil Osborne as saying that the Ethereum ETF is a vehicle for traditional investors to gain exposure to blockchain and cryptocurrencies, not just digital gold.
Quinn explained: “Investing in Ethereum gives you access to stablecoins, tokenization, decentralized finance (DeFi), digital art/NFT, infrastructure and second-layer scaling technologies. All of these new technologies are built on on top of Ethereum and pay fees for its use and activity, which accumulate as revenue for the ETH network and tokens.”
This view has led many market experts to expect significant investment inflows once trading begins. Charles Yu, vice president of research at Galaxy Digital, estimates that the ETH ETF could attract as much as $1 billion in monthly inflows in the first five months. Likewise, Matthew Hougan, chief investment officer at Bitwise, predicts there could be $15 billion in inflows within the first 18 months.
Despite the potential for huge success, 25% of Grayscale respondents said ETF approval would not affect their investment interest. The survey also revealed that a significant number of people are still unfamiliar with spot Ethereum ETFs, with approximately 43% of U.S. voters unaware of this.
At the same time, surveys show that cryptocurrencies have become an increasingly important topic for American voters. According to the survey, one-third of potential U.S. voters have become more accepting of cryptocurrencies since the start of the year, with 47% believing cryptocurrencies will eventually find their way into their investment portfolios.
