2024-06-28 05:30:02

Galaxy: Net inflows of Ethereum spot ETF in the first five months may reach $5 billion

Galaxy Research said in a report on Wednesday that if ETH spot ETFs are allowed to trade, monthly net inflows could reach $1 billion. It is expected that the net inflow of ETH ETFs in the first five months will be 20-50% of the net inflow of BTC ETFs, with Galaxy's target being 30%, meaning a monthly net inflow of $1 billion.
At the same time, Galaxy warned that the demand for spot Ethereum ETFs may be limited due to the lack of staking rewards. Outflows from the Grayscale Ethereum Trust (ETHE) may also drag down inflows into the Ether ETF, with Galaxy estimating that these negative outflows could reach around 319,000 ETH or $1.1 billion per month. However, due to the small proportion of Ethereum held by these trusts, "the drag on the Ether price from ETHE ETF conversions is relatively small compared to the Grayscale Bitcoin Trust (GBTC) conversions."

ETH-0,01%

BTC-0,13%

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