GBTC - Ethereum ETF Inflows Could Be Up To 50% Of Bitcoin ETF Inflows: Galaxy Research | Benzinga
The cryptocurrency market is bracing for a potential influx of new investment as Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) near trading launch in the United States.
What Happened: A new report by Galaxy Research suggests these new financial products could attract substantial capital, potentially reshaping the Ethereum ecosystem, Coindesk reported.
According to Galaxy analyst Charles Yu, “We expect the net inflows into ETH ETFs to be 20-50% of the net inflows into BTC ETFs over the first five months, with 30% as our target, implying $1 billion/month of net inflows.”
This projection underscores the significant interest anticipated in Ethereum ETFs once they become available to U.S. investors.
The path to Ethereum ETF trading has been cleared following the Securities and Exchange Commission’s (SEC) approval of applicant filings last month.
However, the final hurdle ...