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Wintermute: It is expected that the spot Ethereum ETF will inflow $4 billion in the next year, and ETH will rise by 24%

Wintermute: It is expected that the spot Ethereum ETF will inflow $4 billion in the next year, and ETH will rise by 24%

CointimeCointime2024/07/23 01:14
By:Cointime

Market maker Wintermute predicts that over the next year, spot Ethereum ETFs can receive up to $4 billion in funds from investors. This is lower than the $4.5 billion to $6.5 billion that most analysts expected, and the number is already about 62% less than the $17 billion raised by Bitcoin ETFs in the US since trading began six months ago. However, Wintermute does expect the price of Ether to rise by 24% over the next 12 months, driven by these inflows of funds. US regulators rejected the issuer's request to pledge its holdings of cryptocurrency for Ethereum ETFs, which could generate income and share it with investors. Wintermute said in its report: "Compared to direct holdings, this loss reduces the competitiveness of ETH ETFs, as investors can still benefit from pledges."

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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