Analysis: Ethereum spot EFT will inflow $500 million in the first week, and is expected to reach $3.9 billion in 100 days and $15 billion in 18 months

Odaily Odaily News Lennix Lai, chief business officer of cryptocurrency exchange OKX, told the media that investors may invest up to $500 million in spot Ethereum exchange-traded funds in the first week. He said: "Although the AUM of ETH ETF may not be as high as that of BTC ETF, their trading volume can reach similar levels." In addition, he believes that the launch of the new fund will inevitably trigger a new round of cryptocurrency gains, which echoes the broader industry sentiment. Currently, nine potential applicants are waiting for the U.S. Securities and Exchange Commission to approve their ETFs. Market observers expect the spot Ethereum ETF to be launched sometime after the Independence Day holiday. CCData analyst Jacob Joseph said that the inflow of funds to the spot Ethereum ETF will reach $3.9 billion in the first 100 days of trading. Bitwise Chief Investment Officer Matt Hougan also said that the spot Ethereum ETF may receive up to $15 billion in inflows in the first 18 months of trading. (DLNews)