The U.S. Securities and Exchange Commission (SEC) has officially approved spot Ethereum ETFs, set to begin trading on July 23, signaling a significant development for Ethereum and potential impacts on market dynamics.
Key Insights:
SEC Approval: Spot Ethereum ETFs received approval this week, with trading slated to start on July 23.
Major Issuers: Key issuers include industry giants such as Blackrock, Grayscale, 21 Shares, Fidelity, Bitwise, VanEck, and Franklin Templeton.
Market Sensitivity: Kaiko anticipates increased sensitivity to ETF inflows for Ethereum in the initial trading months.
Inflow Projections: Wintermute estimates ETF inflows to reach between $3.2 billion and $4 billion in the first year, in contrast to Bitcoin ETFs which are expected to attract $32 billion.
Monthly Inflows: ASXN predicts that Ethereum ETFs will see monthly inflows ranging from $800 million to $1.2 billion within the first year.
