In the current
cryptocurrency market, there is much speculation regarding the allocation of Bitcoin inflows towards Ether ETFs. As an investor seeking to diversify my portfolio, I am keen to understand the potential percentage of Bitcoin flows that may be directed towards Ether-based Exchange Traded Funds. Could you elaborate on the factors that could influence such allocation, and provide an estimation or a range of percentages that market analysts currently project for Ether ETFs in the coming months or years? It's crucial for me to assess the viability of investing in Ether ETFs and their potential to attract Bitcoin capital flows.
7 answers
Valentina
Thu Jul 18 2024
In a recent statement, Eric Balchunas, a prominent ETF analyst at Bloomberg, forecasted the potential impact of ether ETFs.
EmeraldPulse
Thu Jul 18 2024
Balchunas projected that ether ETFs would likely capture between 10% and 15% of the influx enjoyed by bitcoin ETFs.
Isabella
Wed Jul 17 2024
This estimation comes on the heels of the significant gains witnessed by bitcoin ETFs since their inception.
EnchantedPulse
Wed Jul 17 2024
The forecast also reflects the growing popularity and acceptance of digital currencies in the investment landscape.
Daniele
Wed Jul 17 2024
As of Tuesday, U.S. spot bitcoin ETFs have amassed net cumulative inflows surpassing $15.1 billion.