Experts say that Ethereum could reach $4,000 after the ETF launch.
Some experts are excited to see Ethereum reach $4,000 after the launch of a new type of investment option (called an ETF). Opinions are mixed about, how popular these Ethereum ETFs will be. Similar Bitcoin ETFs have been quite popular for Bitcoin, attracting more than $14 billion. But some analysts predict ETH ETFs may receive just as little interest, with net investments projected to be between $1 billion and $4 billion by the end of the year, While some other analysts are more optimistic, they believe that demand for Ethereum could increase and the price could rise above $4,000.
Ethereum vs. Bitcoin ETFs
Bitcoin ETF since its launch in January, which lets you invest in Bitcoin-like stocks, Has become quite popular. They have raised over $14 billion from investors and have over $50 billion of assets under management. However, upcoming Ethereum ETFs that work in the same way may not be as popular. Some experts say they may attract only a fraction of the interest that Bitcoin ETFs have received.
Ethereum ETFs: Boom or Bust? Analysts Offer Conflicting Predictions
JPMorgan analysts estimate that the ETH ETF could receive between $1 billion and $3 billion of net inflows by the second half of 2024. His attitude is a bit disappointing.
However, some more optimistic opinions have also emerged. Vetal Lund of K33 Research estimates that ETH ETF products could see $4 billion of net inflows in the first five months alone.
Bitwise CIO Matt Haugan shares the same optimism. He believes that the second half of 2024 will see strong demand for ETH.
A recent report from Deribit Insights also paints a positive picture based on recent options data. QCP Capital analysts echo the same sentiment, suggesting that ETH could rise above $4,000 and even touch its record high of $4,800 again.
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