ETH Spot ETF Inflows Could Reach 20% of BTC Inflows
CryptoNewsTerminal Staff10 Jun, 2024
ETH Spot ETF Inflows Could Reach 20% of BTC Inflows
Bitfinex derivatives director Jag Kooner predicts that "inflows from Ether (ETH) spot ETFs are expected to be 10-20% of BTC spot ETFs." This prediction is based on the observation that when gold and silver ETFs were launched, there was a significant inflow of funds into existing related products. If ETH spot ETFs are launched, a similar phenomenon could occur. However, Kooner notes that the outcome could be different if the SEC reverses its previous policy and allows for staking in ETH spot ETFs. If staking is allowed, then ETH spot ETFs could become even more attractive to investors. Overall, the launch of ETH spot ETFs is expected to have a positive impact on the crypto market. It will provide investors with a new way to gain exposure to ETH, and it could lead to increased demand for the asset.
