Ethereum

Spot

<ul class="news-points">
 <li>Researchers are predicting a significant capital flow into spot Ethereum ETFs. </li>
 <li>Steno Research thinks spot Ethereum ETF inflows would reach $20 billion within one year. </li>
 <li>The firm thinks the inflow would push ETH’s price to $6,500 this year.</li>
</ul>
Spot Ethereum ETFs could attract a flood of capital in their first year, potentially driving Ether’s price to $6,500 by the end of 2024, according to research from Steno. The Denmark-based firm <a href="https://stenoresearch.com/crypto-moves/the-us-ethereum-spot-etfs-are-not-priced-in/" target="_blank" rel="noopener noreferrer nofollow">predicts a net inflow</a> of $15 billion to $20 billion into these newly approved investment products, which could launch as early as next week.
Steno Research finds Ethereum to possess qualities that appeal to Wall Street; hence, the validation for its spot ETFs to attract $20 billion in the first year after its launch.
Steno Research’s senior analyst Mads Eberhardt stated the forecast accounts for the potential outflow from Grayscale’s Ethereum Trust (ETHE), adding that the expected inflow would drive ETH’s price higher relative to the dollar and Bitcoin.
It is worth noting that the SEC had in-principle approved spot Ethereum ETFs on May 23, 2024. The research firm believes the inflows will begin soon after regulators ap…
The post <a href="https://coinedition.com/will-ethereum-etfs-give-eth-super-strength-analysts-predict-6500-price-target/" rel="noopener noreferrer nofollow">Will Ethereum ETFs Give ETH ‘Super’ Strength? Analysts Predict $6,500 Price Target</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Will Ethereum ETFs Give ETH ‘Super’ Strength? Analysts Predict $6,500 Price Target

Coin Edition

Weitere Artikel, die am 28. Juni 2024 veröffentlicht wurden

T-Rex Group, an Exchange Traded Fund (ETF) Issuer, Applied for MicroStrategy (MSTR) Shares! Here ...

Why Bitcoin’s Next Dip Could Be Your Gain – Unlocking the Power of Glassnode’s Sharpe Signal Short

Cryptocurrency Trading Activities Decline

Solar Uses Delegated Proof of Stake for Community-Driven Blockchain

Bitcoin Price Stays Flat, Altcoins Dip

Terra Luna Classic Hits 1 Trillion Staked, Awaits Binance’s Major Burn

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!