Crypto exchange Gemini anticipates a massive influx of $3-$5 billion into spot Ethereum ETFs within the first six months of trading, boosting total assets under management (AUM) to between $13 billion and $15 billion. This projection includes existing assets in the Grayscale Ethereum Trust (ETHE). The report also suggests that the capital influx could improve Ethereum's market position relative to Bitcoin. If the ETH/BTC ratio reverts to its three-year median of 0.067, it could mean a nearly 20% increase, while reaching the maximum ratio of 0.087 could translate to a 55% rally.

Despite delays in the launch of spot Ethereum ETFs due to SEC's request for additional revisions to the applications, the approval is still expected. The timelines have been extended, with fund issuers asked to submit updated applications by July 8. This development, although a setback, does not diminish the optimism surrounding the potential impact of Ethereum ETFs on the market.