Ethereum ETF inflows could hit $10B, sending ETH to new highs — analyst
Expect ETH’s spot price to be more responsive to ETF inflows than BTC’s, says crypto investment manager Tom Dunleavy.
Ethereum exchange-traded funds (ETFs) will attract up to $10 billion in new inflows in the months after launch and send Ether (ETH) prices soaring to all-time highs by the end of the year, Tom Dunleavy, a managing partner at crypto investment firm MV Global, told Cointelegraph.
“We saw $15 billion in flows for Bitcoin. I think we’re probably going to see $5 to $10 billion for Ethereum,” Dunleavy said. “I expect a very positive price impact sending us to new all-time highs by early Q4.”
Eight spot ETH ETFs are awaiting a final signoff from United States regulators and are widely expected to begin trading imminently, possibly as soon as this month. The funds will join an existing roster of around a dozen Bitcoin (BTC) ETFs, which started trading in January. Collectively, BTC ETFs currently manage approximately $15.9 billion.
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Author: Alex O’Donnell
