Bloomberg
analyst
Eric
Balchunas
has
shifted
his
projected
deadline
for
the
launch
of
Ethereum
Spot
ETFs
in
the
United
States.
This
development
comes
following
comments
by
the
US
Securities
and
Exchange
Commission
on
the
second
round
of
S-1
forms
submission.

Ethereum
Spot
ETFs
Tipped
To
Quickly
Hit
$1
Billion
Inflows 

In
other
news,
investors
and
analysts
have
continued
to
remain
bullish
on
the
potential
performance
of
the
Ethereum
Spot
ETFs
when
they
eventually
commence
trading.

In
an

 

X
post
on
June
28,
Charles
Yu,
Vice
President
of
Research
at
Galaxy
Research
has
backed
these
funds
to
receive
at
least
20-50%
of
the
demand
seen
in
Bitcoin
counterparts.

With
total
Bitcoin
Spot
ETF
inflows
estimated
at
$15
billion,
Yu
predicts
the
Ethereum
ETFs
to
record
$1
billion
in
monthly
flows
for
the
first
5
months
of
trading.

In
addition,
Charles
Yu
expects
Ethereum
to
show
a
higher
price
sensitivity
to
these
inflows
due
to
various
reasons
including
a
lower
net
inflation
and
lower
supply
percentage
on
exchanges.

Featured
image
from
Space.com,
chart
from
Tradingview

Go to Source
Author: Semilore Faleti

Recommended Crypto Services, Products and Strategies: