Ethereum

2024

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Analysts express doubts about the potential market demand for U.S spot Ethereum ETFs.</li>
 <li>Despite skepticism, some observers believe that Ethereum could cross $4K following the launch of ETFs.</li>
</ul>
<p>Analysts are expressing uncertainty about the anticipated market demand for U.S spot <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> ETFs, despite expectations of a launch by early July.</p>
<h2 id="comparing-eth-and-btc-etfs">Comparing ETH and BTC ETFs</h2>
<p>The question is whether ETH ETFs can generate demand on a similar scale to spot <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> ETFs. To put things in perspective, BTC-related products have achieved over $14 billion in net flows and more than $50 billion in assets under management (AUM) since their introduction in January.</p>
<p>However, some analysts believe that ETH ETFs might only meet a fraction of this demand. Quinn Thompson, Founder of Lekker Capital, recently echoed the market’s tepid outlook.</p>
<h2 id="mixed-opinions-on-eth-etfs">Mixed Opinions on ETH ETFs</h2>
<p>JPMorgan analysts have also expressed a bearish outlook, projecting that ETH ETFs could attract between $1 billion and $3 billion in net inflows by the second half of 2024.</p>
<p>On the other hand, some analysts hold a more bullish view. Vetle Lunde from K33 Research, for example, has estimated that ETH ETF products could see $4 billion in net inflows within the first five months alone.</p>
<p>Matt Hougan, Bitwise CIO, is also optimistic, viewing the second half of 2024 as a period of strong demand for ETH.</p>
<p>A recent report from Deribit Insights painted a similar bullish picture based on recent Options data. QCP Capital analysts echoed this optimism, suggesting that ETH could surge above $4K and retest its record high of $4.8K.</p>

Could ETF Approvals Propel Ethereum to a $4K Milestone? Analysts Weigh In

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