“Due to the characteristics of the Ethereum network, it skyrockets when ETF is launched”
“Attracted approximately 20.7195 trillion won within 18 months after market launch”
Grayscale ETHE also pointed out volatility due to net outflow tax.
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Bitwise, an applicant for the Ethereum spot ETF and a global asset management company, announced in a report published on the 17th that, due to the unique characteristics of Ethereum, the Ethereum spot ETF will have assets of approximately $15 billion (KRW 20.7195 trillion) within 18 months. He emphasized that it can attract.
Bitwise claimed that approximately 28% of the total volume of Ethereum is staked and that Ethereum has characteristics suitable for a spot ETF due to the high utility resulting from the Ethereum network.
The report said, “Ethereum showed a better inflation protection rate than Bitcoin due to the high utility of the Ethereum network,” and “Considering the staking volume, it can perform better than Bitcoin (BTC) when launched as an ETF.” “He emphasized.
Bitwise reported that if Ethereum generates net inflows of $15 billion, the price per unit of Ethereum will easily exceed $6,500 by the end of this year.
Meanwhile, Bitwise claimed that the price of Ethereum may experience significant volatility for a while after the launch of the Ethereum spot ETF market. The cause pointed out by Bitwise is the net outflow from ‘ETHE’ launched by Grayscale.
Previously, Grayscale's 'GBTC' suffered from consistently high net outflow after the market launch of the Bitcoin spot ETF due to high fees compared to the industry. ETHE's commission, which Grayscale disclosed on the 17th (local time), is 2.5%, which is about 10 times higher than the industry average.
Reporter Seungwon Kwon ksw@
