Ether Spot ETFs Could See Up to $5.4B of Net Inflows in First 6 Months: Citi
Spot ether (ETH) exchange-traded funds (ETFs) in the U.S. are expected to see net inflows of 30%-35% of the levels of spot bitcoin (BTC) equivalents, or around $4.7 billion to $5.4 billion over six months, according to a research report by Citi. The report suggests that investors may view bitcoin and ether as similar enough to split their allocations between the two cryptocurrencies, rather than viewing them as distinct assets. The lack of staking in ether spot ETFs and bitcoin's first-mover advantage could also result in lower inflows for ether. However, the launch of spot ether ETFs could coincide with a more dovish Federal Reserve, potentially leading to lower interest rates, a stronger equity market, and a weaker U.S. dollar, which could be supportive for crypto.
