Why Ethereum ETFs Mean Crypto Could Make 'New All-Time High' Soon
Portfolio Pulse from Khyathi Dalal
Ethereum ETFs are set to launch next week, with analysts predicting varying impacts on Ethereum's price. Some believe it could reach a new all-time high, while others expect initial outflows. Key ETFs include those from BlackRock, VanEck, and Grayscale.
July 18, 2024 | 7:04 pm
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The Grayscale Ethereum Trust (ETHE) will face competition from new Ethereum ETFs with lower fees, potentially leading to outflows.
With new Ethereum ETFs from BlackRock and VanEck offering lower fees (0.25% vs. 2.5% for ETHE), investors may shift their funds, leading to potential outflows from ETHE.
CONFIDENCE 90
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