Galaxy report: The fund inflow for Ethereum ETFs in the five months before listing could reach 20% of the fund inflow for Bitcoin ETFs

ChainCatcher news, according to The Block, Galaxy Research Vice President Charles Yu stated in a report on Wednesday that in the first five months of trading, the inflow of ETH ETF funds is conservatively estimated to reach 20% of the inflow of Bitcoin ETF funds.

Yu noted that from its launch until June 15, the net inflow of the Bitcoin ETF reached $15.1 billion. If his prediction is correct, the inflow for a similar Ethereum ETF could range between $3 billion and $7.5 billion. This is largely consistent with the prediction of Bitwise Chief Investment Officer Matt Hougan, who suggested that the U.S. spot ETH ETF could attract $15 billion in net inflows within the first 18 months of its launch.

In the report, Yu wrote, "The Bitcoin ETF has been live for less than 6 months and can serve as a useful basis for assessing the popularity of the Ethereum ETF." He specifically pointed out that the Bitcoin ETF is "partially responsible" for this year's increase in Bitcoin prices.