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Crypto firms predict muted debut for Ethereum ETFs, with lower inflows than expected

Crypto firms predict muted debut for Ethereum ETFs, with lower inflows than expected

CointimeCointime2024/07/23 01:53
By:Cointime

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.

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