2024-06-02 12:06:35

ETHEREUM COULD RISE UP TO 60%, ACCORDING TO QCP CAPITAL

In terms of market impact, Seyffart estimates that Ethereum ETFs could attract approximately 20% of the flows seen by Bitcoin ETFs. In contrast, Balchunas offers a more conservative projection of 10-15%. Since their launch just over four months ago, Bitcoin ETFs have accumulated around $13.3 billion in net inflows. If ETH ETFs capture even a fraction of that success, significant inflows into the Ethereum market could be expected, estimated at up to $2.66 billion.

However, there are concerns about the potential negative impact on the Grayscale Ethereum Trust. If investors decide to transfer their holdings to the new ETFs, the Trust could experience capital outflows, similar to what happened with Grayscale’s Bitcoin investment product.

Singapore-based investment firm QCP Capital believes that the approval of Ethereum ETFs in the United States could trigger a substantial rally in the price of ETH, potentially up to 60%. Their optimism is based on the observation that, following the approval of Bitcoin ETFs in January, the price of Bitcoin surged from $42,000 to over $73,000 within two weeks.
#Eth Etfs Has Been Approved

ETH0,05%

BTC-0,92%

JST0,09%

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