Leading analysts and experts are divided when it comes to predicting how the Ethereum exchange-traded fund (ETF) will perform following its much-anticipated launch.
Bloomberg’s James Seyffart recently addressed this sentiment. The analyst said that half of the audience believed that an Ethereum ETF attracted at least 20% of the assets recorded by the Bitcoin ETF would be considered extremely bearish. Meanwhile, the other half would view such inflows as super bullish. “Nobody knows anything,” the analyst concluded.
For example, banking giant JPMorgan is convinced that they will attract only a small fraction of the inflows to Bitcoin ETFs. Its researchers estimate that inflows could be as low as $1 billion this year. Of course, given the dominance of ETFs in the past few months, this does not bode well for Ethereum bulls.
Mike Novogratz’s Galaxy Digital is far more optimistic, predicting that these products could attract up to 50% of net inflows to bitcoin ETFs in just five months. Crypto exchange Gemini predicts that ethereum ETFs could see inflows as high as $5 billion.
Notably, the launch of the Ethereum futures ETF was a huge failure, with “shockingly low” trading volumes. With big names like Blackrock and Fidelity involved, the same is unlikely to happen with spot ETFs, but whether they can match their Bitcoin counterparts remains to be seen. As reported by U.Today, the SEC is expected to complete approval of several spot Ethereum ETFs this month after several potential issuers filed their S-1 forms earlier today.#美联储何时降息？ #以太坊ETF批准预期
