Ethereum

Gemini

Rally

Bitcoin ETF

With the beginning of July, critical days began for Ethereum. Spot Ethereum ETFs are expected to be approved and launched on July 4.
While some analysts think ETH ETFs will fail to meet expectations, others argue that they will be bullish for ETH and the broader cryptocurrency ecosystem.
While analysts were divided on ETH ETFs, a report also came from Gemini.
At this point, Gemini stated that it expects net inflows of up to $5 billion in spot Ethereum ETFs in the first six months.
In addition, Gemini analysts stated that the market value of ETH against Bitcoin is close to its lowest levels in recent years, and said that strong inflows to spot ETH ETFs can compensate for the decline in ETH price and an increase may occur.
<blockquote>
 “Given differentiating factors such as comparable AUM in international ETF markets, strong on-chain dynamics, and an evolving stablecoin environment, a bullish ETH trade could be in store in the coming months.
 Additionally, considering that the Ethereum/Bitcoin rate is at its lowest levels in the last three years, there may be an increase of nearly 20 percent if the ETH/BTC rate returns to the average of the last three years. However, if the ETH/BTC rate returns to the maximum 0.087, there may be a 55 percent increase.”
</blockquote>
Gemini said net inflows into spot Ethereum ETFs of less than $3 billion would be disappointing, given that Bitcoin ETFs experienced $15 billion in inflows in the first six months.
However, Gemini analysts say, “Net inflows above $5 billion, which is one-third of Bitcoin ETF inflows, will be a strong indicator for ETH and the market. BTC ETF's inflows reaching 50%, or anything close to $7.5 billion, would be a significant upside for ETH.” It will be a surprise.” said.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/rally-expectation-in-ethereum-from-gemini/" rel="noopener noreferrer nofollow">Rally Expectation in Ethereum from Gemini!</a>

Rally Expectation in Ethereum from Gemini!

Bitcoin Sistemi EN

Các bài viết khác được xuất bản trên 2 thg 7, 2024

MoonBag Takes The Lead As Top Crypto Presale In 2024, Outshining Polkadot And Kaspa

Investors Pull $60M from Ether Products Amid Shifting Market Trends

Analysts Predict Relief Rally in Crypto Markets After June Surge

Could BlockDAG Be Your Next Crypto Crush? A Five-Star BlockDAG Review Spills the Secrets

BlockDAG’s X1 App’s $3.4M Surge: Are BGB Token & RWA Crypto’s Days Numbered? Report Analysis

Ripple (XRP) Price Attempts to Cross Above Resistance

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!