TL; DR
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After the BTC ETFs launched, BTC rose by as much as 65%. New data shows that ETH could get a similar pump, meaning ETH could be around $5.6k in six months.
Full story
Okay folks, strap on your neck braces, steady your feet and grab onto something.
This one will cause whiplash as we play ping-pong between the ‘good’ and ‘bad’ news…
Good news:
The Ethereum ETFs (aka: stock market-traded funds that buy ETH for every share they sell, attracting all kinds of new investors) are expected to gobble up up to $5.4 billion in their first six months of trading .
Bad news:
These expected inflows are only 30%-35% of what the Bitcoin ETFs saw in a similar time frame.
Good news about the bad news:
Ethereum’s total market value is one-third that of Bitcoin ($400 billion versus $1.2 trillion), so even though the Ethereum ETFs’ expected inflows are 1/3 lower compared to dollar value, the difference in total value helps to to bring things into balance.
This means that the effects these ETFs could have on the ETH price have the potential to mirror that of BTC, percentage.
For context:
After the BTC ETFs launched, Bitcoin rose by as much as 65%.
If the same were to happen for Ethereum (at current prices), we could see ETH at ~$5.6k in 6 months.
Not bad!
