According to a report from Galaxy Digital, there is a potential for multi-billion market opportunity in Ethereum ETFs once approved.
The US Securities and Exchange Commission has recently changed its strategy to fast-track the approval process, with some analysts predicting that approvals for the first ETH ETFs could come as early as next week.
However, the SEC still needs to approve the necessary S-1 filings before the funds can be released to the market.
Galaxy’s Vice President of Research, Charles Yu, estimates that in the first five months of trading, ETH ETFs could attract anywhere from 20% to over 50% of the inflows that bitcoin ETFs saw in their first five months.
This is supported by the success of bitcoin ETFs, which received $15.1 billion in net inflows between their launch in January and June 15. Based on this, Galaxy predicts that similar funds for ether could potentially attract anywhere from $3 billion to $7.5 billion in inflows.
