#Ethereum Prices Ready to Skyrocket: ETF Predicted to Withdraw $4 Billion in 5 Months!
K33 Research predicted a surge in ETH prices based on a comparison of assets under management in global ETH ETF products with similar BTC products and open interest in futures contracts on the Chicago Mercantile Exchange (CME).
It is estimated that ETH ETF inflows will reach $3 billion to $4.8 billion in the first five months, creating a shortage in asset supply. The report suggests that the introduction of Bitcoin spot ETFs in the US led to price appreciation, and a similar trend is expected for ETH with the launch of ether ETFs.
SEC Approval and ETF Launch
The US Securities and Exchange Commission (SEC) has approved a major application for an ETH spot ETF, paving the way for trading to begin in late June or early July. The removal of staking in ETFs is not expected to have a negative impact on inflows, as seen with Canadian and European ETH ETFs.
Impact of ETFs on ETH Price
K33 Research anticipates that supply absorption from ETH ETFs will lead to Ethereum price appreciation. This is because an ETF will increase the accessibility and liquidity of ETH for institutional and retail crypto investors.
Cover#ETHETF
The launch of an ETH-based ETF in the US is an important development for the Ethereum ecosystem. The projected inflow of funds could lead to a significant price increase and strengthen ETH's position as a leading crypto asset.
*Eth Price Increase Estimate*
