Ethereum's Price After The ETFs Start Trading? Between $2,400 And $3,000, Says Crypto VC: Here's Why
Portfolio Pulse from Khyathi Dalal
Andrew Kang from Mechanism Capital analyzed the potential impact of Ethereum ETFs, predicting ETH might trade between $2,400 and $3,000 post-ETF launch. He highlights that Ethereum ETFs may underperform Bitcoin ETFs due to lower institutional interest and complex market dynamics.
June 24, 2024 | 2:26 pm
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POSITIVE IMPACT
Bitcoin ETFs have shown significant success, with Bitcoin’s price surging 160% after BlackRock filed its application. Bitcoin ETFs amassed $50 billion in AUM but only accounted for $5 billion in net buying.
Bitcoin ETFs have demonstrated strong performance and significant institutional interest, leading to a substantial price increase and high AUM.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
NEUTRAL IMPACT
Ethereum ETFs are expected to underperform Bitcoin ETFs, with ETH trading between $2,400 and $3,000 post-launch. Lower institutional interest and complex market dynamics are key factors.
Ethereum ETFs are projected to have lower net flows and institutional interest compared to Bitcoin ETFs, leading to modest price movements.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100