Gemini: Ethereum spot ETF is expected to have a net inflow of $5 billion in the first six months, with AUM reaching $15 billion
Odaily2024/07/02 10:15
By:Odaily
Odaily News Gemini said in a research note on Monday that once an Ethereum spot ETF is approved for trading in the United States, net inflows could reach $5 billion in the first six months. The report said that these inflows, combined with the current Grayscale Ethereum Trust (ETHE) assets under management (AUM), could bring the total AUM of U.S. Ethereum spot ETFs to $13 billion to $15 billion in the first six months. Gemini noted that Ethereums market value relative to Bitcoin is still near multi-year lows, and capital inflows could improve Ethereums relative position. If the ETH/BTC exchange rate returns to the median of the past three years, ETH could rise by nearly 20%. (CoinDesk)
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