Ethereum ETFs Poised For $15B Influx In First 18 Months, Says Bitwise CIO Matt Hougan
Portfolio Pulse from Murtuza Merchant
Bitwise CIO Matt Hougan predicts that spot Ethereum ETPs could attract $15 billion in net inflows within the first 18 months. This projection is based on the market capitalizations of Bitcoin and Ethereum, and the expected conversion of the Grayscale Ethereum Trust to an ETP. VanEck plans to be highly competitive in the Ethereum ETF space, potentially accelerating adoption.
June 26, 2024 | 12:35 pm
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NEUTRAL IMPACT
Bitcoin's market cap and the carry trade have been used as benchmarks to estimate the inflows for Ethereum ETPs. The carry trade's impact on Bitcoin ETPs has been adjusted to refine the Ethereum ETP inflow estimates.
Bitcoin's market cap and the carry trade are used as benchmarks for estimating Ethereum ETP inflows. However, the direct impact on Bitcoin itself is neutral as the focus is on Ethereum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
The Grayscale Ethereum Trust is expected to convert to an ETP, bringing $10 billion in assets on launch day, significantly contributing to the projected $15 billion inflows for Ethereum ETPs.
The conversion of the Grayscale Ethereum Trust to an ETP is a significant event that will bring a substantial amount of assets into the Ethereum ETP market, aligning with the projected $15 billion inflows.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Ethereum's market cap and the expected inflows into Ethereum ETPs highlight the growing interest and investment in Ethereum, potentially driving its price up.
The projected $15 billion inflows into Ethereum ETPs indicate a strong investment interest in Ethereum, which is likely to positively impact its price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80