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Report: Net inflow of up to $5 billion in the first five months after the approval of the Ethereum spot ETF

2024-06-27 17:52:12
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ChainCatcher news, Galaxy Research stated in a report on Wednesday that once the ETH spot ETF is approved for trading, monthly net inflows could reach $1 billion. It is expected that the net inflow of the ETH ETF in the first five months will be 20-50% of the net inflow of the BTC ETF, with Galaxy's target being 30%, which means a monthly net inflow of $1 billion.

At the same time, Galaxy warned that demand for the spot Ethereum ETF may be limited due to a lack of staking rewards. Outflows from the Grayscale Ethereum Trust (ETHE) could also weigh on inflows to the Ether ETF, but the impact of the ETHE ETF conversion on Ether prices is relatively small.

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