Ether Spot ETFs Could See $5B of Net Inflows in the First Five Months: Galaxy
Ether is more price sensitive to ETF inflows than bitcoin due to the large amount of ETH total supply that is locked up, the report said.
Ether is more price sensitive to ETF inflows than bitcoin due to the large amount of ETH total supply that is locked up, the report said.
Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.
Ether spot ETF approval would set a precedent as the first non-bitcoin digital asset to be considered a commodity, raising expectations that solana could follow the same path, the report said.
“Ether is a ‘lightning rod’ for negative sentiment from crypto native and external players and has several weak spots,” one observer said.
A taker order is placed by a trader who looks to execute the trade immediately at the going market price.
Recently, traders have sold $80,000 BTC call options expiring at the end of May to generate additional yield, one observer said.
Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.
One of the issuers waived management fees for the first six months, undercutting rival offerings.
Singapore-based Matrixport expects mainland Chinese investors to move billions into potential Hong Kong-listed spot BTC ETFs through the Stock Connect program.
The fund comes with a small twist in that it can allocate up to 5% of its assets into bitcoin futures contracts.