Ethereum ETF Prediction from Binance CEO Richard Teng: It May Surprise!

Binance CEO Richard Teng talked about spot Ethereum ETFs.

CEO Richard Teng stated that spot Ethereum exchange-traded funds may not have as big an impact as everyone expected at the initial stage.

Predicting that the fund flow to Spot Ethereum ETFs will not be dramatically low, Teng said in his statement on the subject that fluctuating fund inflows may be seen in the initial stages, but this will be replaced by a stable flow in the future:

While we expect a steady allocation of capital into these ETFs, this is unlikely to be dramatic initially and will fluctuate depending on a variety of macroeconomic factors. This institutional involvement can provide a steady and significant flow of capital over time.

An important milestone

Stating that this move by the USA will be a critical milestone for the cryptocurrency market in general, especially Ethereum, Richard Teng stated that this situation may pave the way for a wider range of investors:

The upcoming launch of ETH spot ETF trading in the US marks another major milestone for Ethereum and the broader digital asset market.

On July 15, the SEC required them to submit their final S-1 filings by July 16. The US-based spot Ethereum ETF launch is expected to take place on July 23.