JP Morgan Predicts Lower Demand for ETH Spot ETF Compared to BTC

IconCryptoNewsTerminal Staff30 May, 2024

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JP Morgan Predicts Lower Demand for ETH Spot ETF Compared to BTC

JP Morgan has released a research report predicting net inflows of up to $3 billion for the ETH spot ETF this year. This figure could rise to $6 billion if staking is allowed. However, the report also suggests that demand for the ETH spot ETF will be lower than for the BTC spot ETF, due to the following factors: ETH's competition with gold as an alternative investment ETH's lower liquidity and assets under management compared to BTC According to JP Morgan, if a BTC spot ETF is approved, it could attract net inflows of up to $12 billion, due to the lower competition and stronger demand for BTC.