Experts Bullish On Ethereum ETFs Launching July 4, Predicting Potential Surge Beyond $7,000

As the highly anticipated launch of the first spot Ethereum ETFs in the United States nears, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market. Ethereum ETFs On The Horizon According to a recent Reuters report, the US Securities and Exchange Commission (SEC) could approve Ethereum ETFs as soon as [...]

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Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React?

Bitwises Chief Investment Officer (CIO) Matt Hougan recently discussed the inflows the US Spot Ethereum ETFs could attract. Specifically, he stated how much could flow into these funds in their first 18 months of trading.  Spot Ethereum ETFs To Record $15 Billion In First 18 Months Of Trading Hougan mentioned in a note to investors that the Spot Ethereum ETFs could record $15 billion in net inflows in their first 18 months of trading. He elaborated on how he arrived at these figures to show that it wasnt just a guess. First, Hougan highlighted the market capitalizations of Bitcoin and Ethereum and stated that he expects investors to allocate to their respective exchange-traded products (ETPs) in proportion to their market caps.  Related Reading: Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Heres What Happened Last Time Hougan noted that US investors have, so far, invested $56 billion in Spot Bitcoin ETPs and expects that figure to reach $100 billion or more by the end of 2025, when these funds should have matured further and be approved on platforms like Morgan Stanley and Merrill Lynch.  Using this as a reference, Bitwises CIO stated that the Spot Ethereum ETFs would need to attract $35 billion in assets to stay on par with the Bitcoin ETFs, which he believes could take about 18 months to happen. Hougan also highlighted that the Spot Ethereum ETFs will already have $10 billion in assets upon launch, thanks to the Grayscale Ethereum Trust (ETHE), which will convert to an ETF on launch day.  Therefore, Hougan noted that the Spot Ethereum ETFs are now left with $25 billion in inflows to reach parity with the amount of inflows the Spot Bitcoin ETFs are expected to reach by 2025 year-end. Hougan then highlighted data from the international ETP markets to show that investors may be allocating to Bitcoin and Ethereum ETPs roughly in line with their market caps.  Using The International Markets As A Point Of Reference According to Hougan, Bitcoin and Ethereum ETPs in Europe hold 4,601 and 1,305 in assets under management (AuM), which translates to 78% and 22% of the aggregate available funds in both markets. Similarly, Bitcoin and Ethereum ETPs in Canada have $4,942 CAD (77%) and $1,475 CAD (23%) respectively.  Related Reading: Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Heres Why Working with Ethereums ETP market share in Canada, Hougan estimated that the US Spot Ethereum ETFs could also get 22% of the US market. Based on this, Hougan lowered the estimate of net inflows for the Spot Ethereum ETFs from $25 billion to $18 billion, excluding Grayscales assets.  Hougan eventually lowered the estimated net inflows to $15 billion by factoring in the fact that a significant portion of the flows into the US Spot Bitcoin ETFs are related to carry trades. He removed $10 billion of carry trade-related AuM from the Bitcoin market, lowering his estimates for Bitcoin from $100 billion to $90 billion and for the Spot Ethereum ETFs from $18 billion to $15 billion.  Featured image created with Dall.E, chart from Tradingview.com

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Ethereum Price To Hit $10,000, Just The Way The Chips Have Fallen, Analyst Says

Crypto analyst and trader Tyler Durden has revealed his bullish sentiment towards Ethereum (ETH). The analyst suggested that the ETH rise was inevitable and that it was better for traders to go with the tide.  Ethereum Is Set To Rise To $10,000 Durden mentioned in an X (formerly Twitter) post that Ethereum to $10,000 is the most asymmetric bet in crypto today. He further stated that as annoying as that is, [its] just the way the chips have fallen, suggesting that ETHs rise to this price level was inevitable. He also hinted that he would bet on ETH regardless of how he felt about the crypto token, as he noted that traders trade the market and not their emotions.  Related Reading: Bitcoin Price Drops Below Critical Support Level Following Rejection At $70,000 The analyst suggested that the Spot Ethereum ETFs will be key in ETH’s rise to $10,000. He claimed that Wall Street made great efforts to ensure that the Ethereum ETFs were approved, including changing Ethereum from a security. As such, he believes that these institutional investors will ensure that they make as much money as they can from these funds while pumping Ethereums price.  Other analysts have also shared similar sentiments to Durdens as they predict that the Spot Ethereum ETFs will contribute to a massive rally for ETH. Crypto analysts Ash Crypto and Eljaboom also recently predicted that ETH would rise to $10,000 thanks to these funds. Ash Crypto stated that it is just a matter of time before Ethereum reaches this price level, with the Spot Ethereum ETFs expected to begin trading soon enough.  Crypto analysts Altcoin Daily also previously mentioned that ETH to $10,000 is programmed and mentioned the Spot Ethereum ETFs as one of the reasons they believe that the crypto token could rise to this price level. According to Bloomberg analyst Eric Balchunas, these Spot Ethereum ETFs could begin trading by July 2.  These funds are expected to contribute to ETH’s parabolic rise because of the significant inflows they could bring into the Ethereum ecosystem. Crypto research firm K33 predicts these funds could attract between $3.1 billion and $4.8 billion in net inflows within the first five months of trading.  Why Its Not Worth Betting Against ETH Durden alluded to the US Securities and Exchange Commissions (SEC) decision to drop its investigation against ETH to further emphasize why betting on Ethereum was an obvious play. Ethereum developer Consensys revealed in an X post that the Enforcement Division of the SEC had notified them that they were closing the investigation into whether ETH was a security.  Related Reading: XRP Enters Triangle Formation: Analyst Predicts Rise To $200 Amid 300% Surge In Volume They added that this means that the SEC would no longer be bringing charges alleging that the sale of ETH is a securities transaction. The SECs potential lawsuit against Ethereum was expected to be a major catalyst that could suppress ETHs price, just like the SECs lawsuit against Ripple, which is believed to have had a negative impact on XRPs price.  However, with the SEC opting against bringing charges against Ethereum, ETHs price looks all set for takeoff as this development adds to the bullish narrative around the crypto token.  Featured image created with Dall.E, chart from Tradingview.com

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