Steno Research has made some bold predictions about the future of ether, saying that they expect a significant amount of money to flow into ether spot ETFs in the coming months. They estimate that there could be anywhere from $15 to $20 billion in net inflows within the first year alone. This influx of cash, combined with other positive factors, could drive the price of ether up to $6,500 by the end of the year.
This news comes at a time when the Securities and Exchange Commission (SEC) has given the green light to filings from issuers looking to launch spot ether ETFs in the U.S. This development has sparked a wave of optimism in the crypto market, with many experts believing that the approval of these ETFs could lead to a surge in investment in ether.
According to Steno Research, the appeal of ether to Wall Street investors could be a driving force behind this expected influx of cash. The report suggests that the ether/bitcoin ratio could strengthen to 0.065 by the end of the year if these predictions hold true.
While Steno Research is particularly bullish on the outlook for ether ETF flows, other research firms have also weighed in on the matter. Galaxy Research estimates that there could be $5 billion in net inflows to spot ether ETFs within the first five months of trading. Similarly, Bitwise is predicting $15 billion in net inflows within the first 18 months.
It’s clear that there is a lot of excitement surrounding the potential launch of spot ether ETFs in the U.S. Many experts believe that this could be a game-changer for the cryptocurrency market, driving up the price of ether and potentially opening up new investment opportunities for both institutional and retail investors.
Overall, the outlook for ether seems positive, with many experts predicting significant gains in the coming months. If these predictions hold true, we could see ether reach new highs and solidify its position as one of the top cryptocurrencies in the market. Investors will be keeping a close eye on the launch of spot ether ETFs and the impact they have on the price of ether in the coming months.