Ethereum Ethereum
+0.32%
“Ethereum’s low awareness likely means slow adoption, and with a market cap just a third of Bitcoin’s, we expect relative inflows to be in the range of 15-35% versus Bitcoin, or $5-10 billion in the first year,” Catalin Tischhauser, head of research at Signum Bank, told The Block. Additionally, based on current and past market patterns, we project that a spot Bitcoin ETF could attract inflows of $30 billion to $50 billion during its first 12 months of trading.
Ethereum Spot ETF vs Bitcoin ETF
Spot Ethereum ETF trading began last Tuesday, and these products have seen negative net inflows in their first four days of trading, with Grayscale’s ETHE seeing net outflows of $1.5 billion. In contrast, eight competing funds, including BlackRock’s ETHA and Bitwise’s ETHW, have seen net inflows of just over $1 billion. This compares to a total net inflow of $1.26 billion in the first four days for U.S. spot ETFs.Eatcoin This ETF was launched in January.
“With net inflows reaching $17.6 billion so far, the expected second wave of spot bitcoin inflows over the next six months is likely to bring at least the same level of inflows as governance processes at various institutions are gradually finalized, with further inflows likely as BlackRock has expressed interest from large traditional institutions such as national wealth funds, endowments, insurers and pension funds,” Tischhauser added.
Ethereum As of this writing, the trading price is $3,318, unchanged over the past 24 hours. The pricing page of the block.
Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.