Will Ethereum ETFs Flop? Opinions Are Mixed

6 days ago 77

The starring analysts and pundits are divided erstwhile it comes to predicting how  Ethereum exchange-traded funds (ETFs) are going to execute pursuing their much-anticipated launch.

Bloomberg’s James Seyffart precocious spoke astir this sentiment. The expert says that fractional of his assemblage thinks that Ethereum ETFs attracting astatine slightest 20% of the assets recorded by Bitcoin ETFs would beryllium considered to beryllium precise bearish. At the aforesaid time, the different fractional would presumption specified inflows arsenic ace bullish. “No 1 knows anything,” the expert summarized.

Related

Ripple CEO Calls Gensler "Luddite of His Time"

For instance, banking titan JPMorgan is convinced that they are going to pull lone a tiny fraction of the inflows logged by Bitcoin ETFs. Its researchers estimated that its inflows could beryllium arsenic debased arsenic $1 cardinal this year. This, of course, would not bode good for Ether bulls fixed however ascendant the ETF communicative has been implicit the past fewer months.

Mike Novogratz's Galaxy Digital is mode much optimistic, predicting that these products could pull up to 50% of the nett flows into Bitcoin ETFs successful conscionable 5 months. Cryptocurrency speech Gemini has predicted that Ether ETFs could spot up to $5 cardinal worthy of inflows.    

Related

Michael Saylor Issues Bitcoin Message Amid Crypto Market Uncertainty

It is worthy noting that the motorboat of Ethereum futures ETFs was a monolithic flop with "shockingly low" volumes. This is improbable to beryllium the lawsuit for spot ETFs owed to the engagement of large names specified arsenic Blackrock and Fidelity, but it remains to beryllium seen whether they volition beryllium capable to clasp a candle to their Bitcoin counterparts. 

As reported by U.Today, the SEC is expected to implicit the support of respective spot Ethereum ETFs this period aft respective imaginable issues submitted their S-1 forms earlier today.   

Read Entire Article