Research firm Steno Research pointed out in a report that the market's outlook for Ethereum spot ETFs is too pessimistic. It also said that "Ethereum has characteristics that attract Wall Street." After this type of ETF is listed in the United States, "the potential to attract money cannot be underestimated." In the first year The net capital inflow is expected to reach US$20 billion.
Mads Eberhardt, senior analyst at Steno Research, said that even considering that the "Grayscale Ethereum Trust (ETHE)" will encounter a wave of divestments, it is still expected that the Ethereum spot ETF will attract US$15 billion to US$20 billion in the first year after its listing. net inflow of funds.
The report goes on to mention that as funds pour into Ethereum spot ETFs, coupled with other bullish factors, there is optimism that Ethereum will break through $6,500 later this year.
The analyst added: “Although the inflows into the Ethereum spot ETF will be relatively smaller compared to the Bitcoin spot ETF, it will have a greater impact on Ethereum due to Ethereum’s market capitalization and liquidity. All are lower."
Additionally, Galaxy Research estimates that Ethereum spot ETFs will see net inflows of $5 billion in the first five months, while Bitwise expects inflows to reach $15 billion in the first 18 months.
〈It is estimated that spot ETFs will attract US$20 billion in the first year! Analysis: Ethereum is looking at $6,500 this year> This article was first published on "Blocker".
