ETH Spot ETF Launch May Bring in Up to $10 Billion, Says Analyst

IconCryptoNewsTerminal Staff11 Jul, 2024

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ETH Spot ETF Launch May Bring in Up to $10 Billion, Says Analyst

Analyst Predicts Significant Inflow into Ethereum Spot ETF Crypto investment firm MV Global's Macro analyst, Tom Dunleavy, anticipates "Ethereum (ETH) to set new all-time highs by year-end." He projects a potential influx of up to $10 billion into a spot ETH ETF within months of its launch, potentially driving up ETH's price. Dunleavy draws parallels to the launch of the first spot BTC ETF in January, which he believes contributed to BTC's appreciation by 36% and 50% from its peak and the initial news of the ETF, respectively. The analyst suggests that ETH could exhibit an even stronger response to potential ETF-related inflows.