$5
Billion in Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs Inflows Could
Propel Prices Above $4,000
Eight fund issuers are currently waiting for the U.S. Securities and Exchange
Commission (SEC) to give its final approval for them to list and launch
exchange-traded funds (ETFs) that will track the spot price of Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum).
There have been speculations on how much capital inflows the launch of these
products would bring into cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта funds .
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Spot ETFs Will See up to $5 Billion of Inflows
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In a new report , cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange Gemini opined that these new funds
could attract $3-5 billion in net inflows within just the first six months of
trading. This positive outlook follows the successful launch of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin spot
ETFs earlier this year.
The projected net inflows could translate to a total of $13-15 billion in
assets under management for spot Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs within the first six months of
trading.
This mirrors projections from financial services• Экономика » Финансы » Финансовые услуги
• Сфера услуг » Финансовые услуги provider Citi, previously
reported by BeinCrypto. Citi noted that net inflows into spot Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETFs
surpassed $13 billion between their launch on January 4 and May 20.
The bank stated that using similar market-cap-adjusted flows, the launch of
spot Ether ETFs could attract between $3.8 billion and $4.5 billion within the
same period and raise the coin s price by 23-28%.
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Read More: How to Invest in Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs?
According to Gemini, this inflow is achievable for many reasons, one of which
is that Ether offers a good option for investors seeking diversification
within the crypto space. This is due to its ever-growing network activity,
measured by daily active addresses and transaction fees.
Also, the shift in the coin’s supply dynamics could make it even more
attractive to investors. Following the change in Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s consensus
mechanism from a Proof-of-Work• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта (PoW) to a Proof-of-Stake• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта network, there has
been a steady decline in its total supply compared to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
“Net inflows below 20% or $3 billion would be a disappointment, given spot BTC
ETFs had $15 billion net inflows in approximately the first six months. Net
inflows exceeding $5 billion, or one-third of those into spot BTC ETFs, would
be a strong showing, while anything close to 50% or $7.5 billion would be a
significant upside surprise,” Gemini said.
ETH Price Prediction• Математика » Прикладная математика » Прогноз: Demand For the Altcoin Remains Low
At press time, ETH exchanged hands at $3,446. It has faced resistance at the
$3600 price level since the middle of June, causing its price to drop by 9% in
the last month.
Readings from its performance on a one-day chart show that the demand for ETH
is still low. For example, its Relative Strength Index ( RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI ) currently lies
below the 50-neutral spot at 47.38 at press time.
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Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Analysis• Математика » Математический анализ. Source: TradingView
This indicator measures an asset’s overbought and oversold market conditions.
At its current value, ETH’s RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI shows a decline in buying momentum.
Read more: Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) Price Prediction• Математика » Прикладная математика » Прогноз 2024/2025/2030
If this trend persists, the coin’s price may plummet to $3,407. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
Analysis• Математика » Математический анализ. Source: TradingView
However, if buying pressure gains, ETH’s value may rise to $3,515 and trend
toward resistance.
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Disclaimer
In line with the Trust Project guidelines, this price analysis• Математика » Математический анализ article is for
informational purposes only and should not be considered financial or
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