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Gemini: Ethereum spot ETF is expected to see net inflows of $5 billion within six months

2024-07-02 17:14:12
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ChainCatcher news, according to CoinDesk, Gemini pointed out in its latest research report that the Ethereum spot ETF is expected to see net inflows of up to $5 billion in the first six months after approval in the United States. The report analyzes that Ethereum's market value relative to Bitcoin is close to a multi-year low, and strong capital inflows could trigger a price rebound. If the Ethereum/Bitcoin ratio returns to the median of the past three years, there could be an increase of nearly 20%.

In addition, the report also mentions that combined with the current assets under management of Grayscale Ethereum Trust (ETHE), the total assets under management of the Ethereum spot ETF in the U.S. will reach $13 billion to $15 billion in the first six months. Gemini believes that factors such as Ethereum's comparable asset management scale in the international ETF market, strong on-chain dynamics, and the stablecoin environment give Ethereum good risk-return potential in the coming months.

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