๐ฎ Ethereum ETFs: Less Impact than Bitcoin? ๐
Crypto entrepreneur Andrew Kang predicts a quieter market response to Ethereum ETFs compared to Bitcoin's earlier this year.
๐ Kang's analysis:
- Ethereum ETF flows could be 10-15% of Bitcoin's, resulting in $500M-$1.5B net buying within 6 months.
- ETH could trade between $3K-$3.8K pre-ETF launch, potentially falling to $2.4K-$3K post-launch.
Why the muted response? ๐ค
- Ethereum is seen more as a tech asset, less as a macro one like BTC.
- Less institutional interest due to harder-to-justify valuation metrics.
But it's not all doom and gloom! ๐ค๏ธ
- If BTC hits $100K by year-end or early next year, it could lift Ethereum and altcoins.
- Ethereum's status as a commodity, not a security, could be solidified, which is bullish for the asset and altcoins.
What's your take on this? ๐จ๏ธ Share your thoughts below! #Ethereum #ETF #CryptoNews
(Source: CryptoPotato)