TechFlow reported, citing DLNews, that nine applicants are currently awaiting approval from the U.S. Securities and Exchange Commission (SEC), with spot Ethereum ETFs expected to launch shortly after the Independence Day holiday. Lennix Lai, OKX's Chief Business Officer, said investors could pour up to $500 million into these funds during the first week. Although the assets under management (AUM) of Ethereum ETFs may not match those of Bitcoin ETFs, their trading volumes are projected to reach similar levels. Lai also noted that the launch of these new funds will trigger a fresh rally in the cryptocurrency market.
Jacob Joseph, an analyst at CCData, forecasts that these ETFs will attract $3.9 billion in inflows within their first 100 days of trading, while Matt Hougan, Chief Investment Officer at Bitwise, expects $15 billion in inflows over the first 18 months.
Additionally, experts believe Ethereum’s price could rise as 27% of its supply is locked, potentially creating short-term supply shortages and making it an attractive option for institutional asset allocation. Quinn Thompson, founder of Lekker Capital, predicts Ethereum’s price could surge to $7,000. However, some analysts remain cautious about market prospects, suggesting demand for Ethereum from traditional financial institutions might fall short of expectations.
