I think Citi is an old-fashioned traditional financial institution after all, and their forecast is too conservative. I think it is at least tens of billions, or even tens of billions.
Citi: Ethereum spot ETF net inflows in the first six months are between 4.7 billion and 5.4 billion US dollars
Citi said in a research report last week that the net inflow of US spot Ethereum ETFs may be only 30%-35% of the spot Bitcoin ETF, and the distribution of funds tends to be downward.
At this level, the report said, the net inflow in the first six months was between 4.7 billion and 5.4 billion US dollars. In addition, the bank said that the inflow of funds and the return of Ethereum relative to the inflow of funds may be lower than the analysis results.
Analysts led by Alex Saunders wrote: "One reason is that although ETH may provide diversification benefits in the long run, this is not the case at present given its different and broader use cases." Citi said that investors who may buy spot ETFs (rather than their respective tokens) may think that Bitcoin and Ethereum are similar enough to allocate their allocations to the two cryptocurrencies instead of treating them as different assets. This means that Ethereum may see inflows specifically for Bitcoin ETFs, rather than additional allocations.
The bank noted that another reason for the lower-than-expected inflows was the lack of staking services. (CoinDesk)
