Ethereum price will be ‘sensitive’ to ETF inflows in the coming days: Kaiko
Another firm estimates that Ether’s price will rise no more than 24% by the end of the year due to underwhelming demand for the spot ETH products.
The price of Ether will likely be “sensitive” to spot Ether ETF inflows in the coming days, as investors will remember lackluster demand for ETH futures products late last year, says crypto analytics firm Kaiko.
“The launch of the futures-based ETH ETFs in the US late last year was met with underwhelming demand, all eyes are on the spot ETFs’ launch with high hopes on quick asset accumulation,” said Kaiko’s head of indices Will Cai in a July 22 market report.
Several spot Ether (ETH) ETFs received their final approval on July 22 and are now set to go live trading on July 23.
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Author: Tom Mitchelhill
