According to Tom Dunleavy, managing partner at crypto investment firm MV Global, the launch of Ether exchange-traded funds (ETFs) will bring in up to $10 billion in new investments, leading to a surge in Ether prices and potentially setting new record highs by the end of the year.
Dunleavy predicts that around $5-10 billion will flow into these ETFs, following the $15 billion witnessed for Bitcoin ETFs. He believes that this will lead to a positive impact on Ether prices, pushing them to new all-time highs in the beginning of the fourth quarter.
There are currently eight spot Ether ETFs waiting for approval from US regulators, with expectations of them starting to trade as early as this month.
They will join the already existing dozen Bitcoin ETFs, which have been trading since January and have a combined management of $15.9 billion.
