Golden Finance reported that market maker Wintermute expects spot Ethereum ETFs to receive up to $4 billion in inflows from investors in the next year. This is lower than the $4.5 billion to $6.5 billion expected by most analysts, and the figure is already about 62% less than the $17 billion raised by the Bitcoin ETF since it began trading in the United States six months ago. However, Wintermute does expect the price of Ether to rise 24% over the next 12 months, driven by these inflows. U.S. regulators rejected the issuer's request to allow the Ethereum ETF to pledge the cryptocurrencies it holds, which could have generated income and shared with investors. "This loss reduces the competitiveness of the ETH ETF compared to direct holding, as investors can still benefit from staking," Wintermute said in its report.
