Ethereum Exchange-Traded Funds (ETFs) are expected to attract around $569 million each month, according to researcher Bobby Banzai. This follows the approval by the US Securities and Exchange Commission (SEC) of Ethereum spot ETFs,$ETHFI which is seen as a big move for the cryptocurrency market. Similar to the Bitcoin ETFs, which saw a surge in investments after approval, Ethereum ETFs are anticipated to draw considerable capital. Banzai's forecast is based on data from international ETF values and Chicago Mercantile Exchange (CME) futures, indicating that Ethereum's value is about 19% relative to Bitcoin. Issuers like Hashdex, VanEck, and Bitwise have shown interest in promoting Ethereum ETFs, following the success of Bitcoin ETFs. Bloomberg analyst Eric Balchunas suggests that these new instruments could capture up to 20% of the Bitcoin ETF market. However, JPMorgan analysts caution that the initial reaction to Ethereum ETFs might not be overwhelmingly positive. They predict potential inflows ranging from $1 billion to $3 billion in 2024 if launched before the year ends. This skepticism is due to the absence of staking rewards in Ethereum ETFs, which provide additional benefits for investors who buy, hold, and stake ETH. Despite this, Ethereum's value, driven by its utility in transactions, smart contracts, and decentralized applications (DApps), positions it for significant growth. Industry figures such as BlackRock co-founder Larry Fink and MicroStrategy CEO Michael Saylor have praised the approval of these ETFs as a major step forward.