Galaxy Digital: $7.5 billion is expected to flow into the spot Ethereum ETF in the first five months

2024/06/28 04:26

Odaily News Charles Yu, vice president of research at Galaxy Digital, said in a note that up to $7.5 billion is expected to flow into spot Ethereum ETFs in the first five months. Yu wrote that Bitcoin ETFs saw net inflows of $15.1 billion from launch to June 15. If his prediction is correct, similar Ethereum funds could see inflows between $3 billion and $7.5 billion. This is largely in line with Bitwise Chief Investment Officer Matt Hougans prediction that a U.S. spot ETH ETF could attract $15 billion worth of net inflows in the first 18 months after launch. We believe that the launch of a spot Ethereum ETF will have a large positive impact on market adoption of Ethereum and the broader cryptocurrency market, Yu added, noting that the ETF would help legitimize ETH in the eyes of institutional investors, policymakers and regulators. He said demand would likely be driven by independent investment advisors and broker-dealer platforms.

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