Bitwise’s Chief Investment Officer Matt Hougan has predicted that spot Ethereum exchange-traded funds (ETFs) will attract a net inflow of $15 billion within the first 18 months of being launched in the US.
On May 23, the US Securities and Exchange Commission approved the 19b-4 forms for eight spot Ethereum ETFs from firms such as Bitwise, BlackRock, and Fidelity.
These issuers still need to finalize their S-1 registration statements before trading can commence, which is expected to occur in the next few weeks.
In making this prediction, Hougan gathered data on ether’s market capitalization compared to bitcoin, as well as information from the global exchange-traded product markets and the impact of the carry trade. He shared his findings with clients in a note on Tuesday.
The net inflow of spot Bitcoin ETFs reached $15 billion earlier this month, after only five months of trading.
