Ethereum ETF Inflows Could Be Up To 50% Of Bitcoin ETF Inflows: Galaxy Research
Portfolio Pulse from Murtuza Merchant
Galaxy Research projects that Ethereum ETFs could attract significant capital, potentially reshaping the Ethereum ecosystem. The report estimates net inflows into ETH ETFs to be 20-50% of BTC ETF inflows, with a target of $1 billion/month. The SEC has approved applicant filings, but S-1 filings are still pending. The conversion of the Grayscale Ethereum Trust into an ETF is also expected to influence market dynamics.
June 27, 2024 | 11:01 am
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NEGATIVE IMPACT
The conversion of the Grayscale Ethereum Trust into an ETF is expected to influence market dynamics, with potential negative flows of about 319,000 ETH per month or $1.1 billion.
The conversion of ETHE into an ETF is expected to result in significant negative flows, which could impact its market dynamics negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
NEUTRAL IMPACT
The report suggests that the impact of the Grayscale Ethereum Trust conversion may be less severe than what was observed with the Grayscale Bitcoin Trust conversion.
While the conversion of ETHE into an ETF is expected to have negative flows, the impact is projected to be less severe compared to the GBTC conversion, indicating a neutral short-term impact on GBTC.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60