Crypto firms predict muted debut for Ethereum ETFs, with lower inflows than expected
Crypto firms Wintermute and Kaiko predict that the initial demand for exchange-traded funds (ETFs) holding Ethereum's ether (ETH) will be less than expected. Wintermute expects ETH ETFs to receive a maximum of $4 billion in inflows from investors over the next year, which is below the $4.5 billion to $6.5 billion predicted by most analysts. However, Wintermute does anticipate a potential 24% increase in ether's price over the next 12 months due to these inflows. Eight potential issuers, including BlackRock and Fidelity, are ready to list their ETH ETFs in the US, but regulators have not allowed them to stake the crypto they own.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FedEx to Spin-Off Freight Business Worth Over $30 Billion, Focusing on Core Delivery Business
OpenSea’s official NFT “Gemesis” floor price rose to 0.77 ETH, a 58% increase in 1 hour
Spot gold breaks through $2,620/ounce, up more than 1% on the day