It has been predicted that up to $7.5 billion in Bitcoin (BTC) spot ETFs will be inflow once the Ethereum (ETH) spot exchange-traded fund (ETF) is launched.
On the 27th (local time), asset management company Galaxy Digital predicted that 20-50% of the inflow of the BTC spot ETF would flow into the ETH spot ETF for five months after its launch. Considering that the BTC spot ETF was listed in January and there was a net inflow of about $15.1 billion (KRW 20.915 trillion) as of the 15th, the net inflow is between $3 billion (KRW 4.1442 trillion) and $7.5 billion (KRW 10.3605 trillion). ) This means that about 100% of the money will flow into the ETH spot ETF. Previously, Bitwise also expected an inflow of about $15 billion within 18 months after the listing of the ETH spot ETF.
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Charles Yu, Vice President of Galaxy Digital Research, said, “Over the past six months, the net inflow of the BTC spot ETF has steadily increased, which can be an important indicator for predicting demand for the ETH spot ETF.” He also added, “With the rise in BTC price, the BTC spot ETF has increased steadily.” “The launch may have had an impact,” he said, expecting a positive impact that the ETH spot ETF would have on the overall Ethereum market. Meanwhile, nine virtual asset issuers, including Blackrock, Fidelity, and VanEck, have applied for the launch of the ETH spot ETF. .
- Reporter Yang Jin-ha
- jjing@rni.kr
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