JPM - Ethereum ETF Demand May Be Muted Compared To Bitcoin ETFs Analysts Say | Benzinga
The highly anticipated launch of Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) in the United States may see a more subdued response compared to the initial excitement surrounding Bitcoin ETFs, analysts predict.
What Happened: JPMorgan strategists, led by Nikolaos Panigirtzoglou, estimate that Ethereum ETFs will attract a modest $1 billion to $3 billion in net inflows by the year’s end, a stark contrast to the $15.3 billion garnered by Bitcoin ETFs, according to a Bloomberg report.
Ethereum’s 109% price increase over the past year lags behind Bitcoin’s 169% surge.
James Davies, CPO and founder of Crypto Valley Exchange, told Benzinga that analysts are expecting lower demand for Ether (CRYPTO: ETH) as its prominence relative to Bitcoin is not as broadly known and accepted by the public.”
Caroline Bowler, CEO of BTC Markets Pty, concurred, noting, “Ether doesn't have the profile of Bitcoin,” and emphasized Bitcoin's (CRYPTO: BTC) market value of $1.4 trillion, which is three times ...