Ethereum ETFs Could Reach $10B AUM In First Year Of Trading, Says Sygnum Bank Researcher

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 1, 2024 12:24

Spot Ether ETFs could amass as much as $10 billion in assets under management within their first year of trading said Katalin Tischhauser, Head of Investment Research at Sygnum Bank and a former executive at Goldman Sachs. She predicted that Bitcoin ETF inflows would be in the $30 billion to $50 billion range for the first 12 months of trading, and Ethereum products would follow. Tischhauser noted that if Ethereum inflows are proportionally similar to those for BTC ETFs over the first couple of months, ETH prices could reach $6,000.