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Galaxy Digital: $7.5 Billion Expected to Flow Into Spot Ether ETFs in First Five Months

Galaxy Digital: $7.5 Billion Expected to Flow Into Spot Ether ETFs in First Five Months

Bitget2024/06/27 20:07

Charles Yu, vice president of research at Galaxy Digital, said in a report that he expects up to $7.5 billion in inflows into spot ethereum ETFs within the first five months. Since its launch through June 15, the bitcoin ETF has seen net inflows of $15.1 billion, Yu wrote. If his prediction is correct, similar ethereum funds could see inflows of between $3 billion and $7.5 billion. That's largely in line with Bitwise Chief Investment Officer Matt Hougan's prediction that a U.S. spot ETH ETF could attract $15 billion worth of net inflows in the first 18 months after launch. Yu added: "We believe that the launch of the Spot Ether ETF will have a large positive impact on market adoption of Ether and the broader cryptocurrency market." He noted that the ETF will help legitimize ETH in the eyes of institutional investors, policymakers and regulators. Demand will likely be driven by independent investment advisors and broker-dealer platforms, he said.

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