Spot Ethereum ETFs Could Take In Up To $15B In 2024: Gemini Research
Portfolio Pulse from Murtuza Merchant
Gemini predicts that spot Ethereum ETFs could attract up to $15 billion in 2024, with an estimated $5 billion in net inflows within the first six months. This could significantly boost Ethereum's value and improve its standing relative to Bitcoin. The SEC's approval of initial filings for spot Ethereum ETFs in May has set the stage for this potential growth.
July 02, 2024 | 2:18 pm
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POSITIVE IMPACT
Gemini's research suggests that spot Ethereum ETFs could attract up to $15 billion in 2024, significantly boosting Ethereum's value and improving its standing relative to Bitcoin.
The launch of spot Ethereum ETFs and the predicted inflows of up to $15 billion could significantly increase demand for Ethereum, driving up its price. The SEC's approval of initial filings further supports this positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Gemini's report highlights Ethereum's current undervaluation compared to Bitcoin and suggests that strong inflows into Ethereum ETFs could improve its relative standing.
While the focus is on Ethereum, Bitcoin's relative standing could be impacted if Ethereum sees significant inflows. However, the direct impact on Bitcoin's price is less certain.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50