What will be the new Ethereum-ETF’s turnover. Market Participant Forecasts
- Despite the approval of Ethereum’s Principal Exchange Funds (ETF) by the Chief Securities Regulator, some experts consider the future prospects for such funds to be “uncertain”. The ETF can take weeks or even months to start trading on a stock exchange. It is also unclear whether this will lead to a new historical high for Ethereum.
- Ethereum accounts for less than 15% of assets under management in Hong Kong, which approved the spot funds of Bitcoin and Ethereum last month.
- Some people think that ETFs on Ethereum will not attract the same amount of investment as Bitcoin products. Analysts predict that the ETF’s assets on Ethereum will be 10-15% of the volume of the bitcoin ETF.
- According to the UK’s Standard Chartered, in the first year after launch, capital inflows into Ethereum-ETC could be between $15 billion and $45 billion. Given the experience of bitcoin funds, investors’ demand for ETFs on this scale could lead to a rise in ETH’s price to $8,000 this year. Bitcoin is priced at $150,000.
- Ethereum’s ecosystem and the role of stecking: Investor Jim Bianco states, “Remove the regulatory uncertainty with the Ethereum stecking and see how Wall Street runs into ETH”. He stresses that Ethereum represents a whole ecosystem with lending, borrowing, insurance, token, stecking, steak cards, NFT, basic protocols and second-level solutions.
SEC has approved the Ethereum ETF, which confirms its status as a commodity rather than a security. Overall, the future of Ethereum-ETF remains uncertain, but its development should be closely monitored.
Source: https://www.rbc.ru/crypto/news/66507fdd9a7947bb4b03cc41?from=copy
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