According to BlockBeats, Charles Yu, Vice President of Research at Galaxy, stated in a report on Wednesday, June 28, that the inflow of funds into ETH ETFs in the first five months of trading could conservatively reach 20% of the inflow into Bitcoin ETFs.
Yu noted that from its launch until June 15, the net inflow into Bitcoin ETFs reached $15.1 billion. If his prediction is correct, the inflow into similar Ethereum ETFs could be between $3 billion and $7.5 billion. This aligns with the forecast of Bitwise's Chief Investment Officer, Matt Hougan, who suggested that the US spot ETH ETF could attract a net inflow worth $15 billion in the first 18 months after its launch.
In his report, Yu wrote, 'The Bitcoin ETF, which has been online for less than six months, can serve as a useful basis for testing the popularity of the Ethereum ETF.' He specifically pointed out that the Bitcoin ETF is at least partly responsible for the price increase of Bitcoin this year.