As a seasoned crypto investor with a keen interest in the Ethereum ecosystem, I find Hougan’s forecast of $15 billion net flows for Ethereum ETFs within the first 18 months intriguing. Based on my experience and market analysis, I believe this estimate holds merit.
Matt Hougan, the Chief Investment Officer of Bitwise, predicts that Ethereum Exchange-Traded Funds (ETFs) could draw in approximately $15 billion in investments during their initial 18 months of operation.
1/ Ethereum ETPs will attract $15 billion in net flows in their first 18 months on the market.
A thread on how I get to this estimate.
— Matt Hougan (@Matt_Hougan) June 26, 2024
Instead of Hougan’s prediction being founded solely on one factor, it is derived from examining multiple elements. These factors consist of:
As an analyst, I would interpret Hougan’s findings as suggesting a potential investment strategy where the allocation to Bitcoin and Ethereum Exchange-Traded Funds (ETFs) is determined by their respective market capitalizations. In the context of Canadian and European markets, approximately 78% of the total assets under management are invested in Bitcoin ETFs, while around 22% are allocated to Ethereum ETFs.
Regarding the expected launch date for Ethereum Exchange-Traded Funds (ETFs), according to a report by Eric Balchunas, an ETF analyst at Bloomberg, these funds might start trading as early as July 2. A number of companies, including VanEck, Bitwise, and Blackrock, are in the process of completing their SEC registrations since receiving approval on May 23.
I’ve noticed a slight decrease in Ethereum’s price over the past 24 hours. The value was at $3,406 late yesterday, but it has since dropped to $3,388 as of now.
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2024-06-27 02:14