ETH Spot ETF Unlikely to Have Major Impact on Price, Says Analyst
CryptoNewsTerminal Staff05 Jun, 2024
ETH Spot ETF Unlikely to Have Major Impact on Price, Says Analyst
On-chain analytics firm Glassnode's lead analyst, Checkmate (@checkmatey), recently shared his insights on the upcoming Ethereum (ETH) spot ETF, expressing a belief that it will have a limited impact on ETH's price appreciation. According to Checkmate, the ETH spot ETF is unlikely to witness the same level of inflows as the Bitcoin spot ETF. Furthermore, potential outflows from the $11 billion Grayscale ETH Trust (ETHE) could further reduce the ETF's impact on ETH's price.
