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Bitwise Chief Investment Officer Matt Hougan said that the US Spot Ethereum ETF will have a difficult start after listing, but the impact on the asset's price is likely to be greater than the impact of the Spot Bitcoin ETF on BTC, and the Spot Ethereum ETF will have a greater impact on the ETH price for three reasons: 1. The multitude of Ethereum use cases has resulted in Ethereum's inflation rate actually approaching zero, as the amount of new ETH generated each day is relatively small compared...
Citi (C) said in a research note last week that net inflows into U.S. spot Ethereum ETFs are likely to be only 30% to 35% of the spot Bitcoin equivalent, with the distribution skewed to the downside. This level implies a net inflow of $4.70 billion to $5.40 billion over a six-month period, the report said. In addition, the bank said the beta value of inflows and Ethereum returns relative to such funds may be lower than the analysis.
Matt Hougan, chief information officer at Bitwise, said the U.S. spot Ethereum ETF could attract net inflows worth $15 billion in the first 18 months after listing. Hougan compared the relative market capitalization of Ethereum to Bitcoin, and he expects investors to allocate by the market capitalization of the Bitcoin spot ETF and the Ethereum spot ETF ($1.20 trillion and $405 billion). This would give about 75% weighting to the Bitcoin spot ETF and about 25% weighting to the Ethereum spot ETF....
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