Steno Research: Ethereum spot ETF attracted US$20 billion in its first year!

The research firm Steno Research reported that the market is too pessimistic about the prospects of Ethereum spot ETFs. It also pointed out that "Ethereum has characteristics that attract Wall Street" and the "potential to attract money" after such ETFs are listed in the United States cannot be underestimated. , the net capital inflow in the first year is expected to reach 20 billion US dollars.

Steno Research senior analyst Mads Eberhardt said that even considering that the "Grayscale Ethereum Trust (ETHE)" will encounter a wave of divestments, it is still expected that the Ethereum spot ETF will attract US$15 billion to US$20 billion in the first year after its listing. Net inflows of U.S. dollars.

The report went on to mention that with the influx of funds into Ethereum spot ETFs and other bullish factors, it is optimistic that Ethereum will break through $6,500 later this year.

The analyst added: “While the inflows into the Ethereum spot ETF are relatively smaller compared to the Bitcoin spot ETF, they will have a greater impact on Ethereum due to Ethereum’s market capitalization and Liquidity is low. "

In addition, Galaxy Research estimates that the net inflow of Ethereum spot ETFs will reach $5 billion in the first five months; while Bitwise predicts that the inflow will reach $15 billion in the first 18 months.

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