In a recent tweet, the CIO of Bitwise, Matt Hougan, forecast that Ethereum ETFs could attract $15 billion in net flows within the first 18 months of trading.
However, Hougan’s forecast is based on an analysis of various factors, including the relative market capitalizations of Ethereum and Bitcoin, trends in international crypto ETPs (exchange-traded products), and the potential conversion of Grayscale’s Ethereum Trust to an ETF.
Hougan’s analysis suggests that investors may allocate funds to Bitcoin and Ethereum ETFs proportionally to their market capitalizations. He also notes that in both Canadian and European markets, Bitcoin ETPs represent approximately 78% of total assets under management, while Ethereum ETPs account for about 22%.
Concerning the launch date of the anticipated Ethereum ETFs, Bloomberg ETF analyst Eric Balchunas in a recent report, projects that the ETFs could potentially begin trading as of July 2. Several firms, including VanEck, Bitwise, and Blackrock are currently finalizing their registrations with the SEC, following their approval on May 23.
Meanwhile, Ethereum’s price has slightly dropped during the last 24 hours, from $3,406 late yesterday to $3,388.
