Charles Yu: “The market capitalization of Ethereum ETFs will reach one-third of Bitcoin ETFs’ figures”
According to Charles Yu, VP of Research at Galaxy Digital, the analysts benchmarked these two assets based on the market capitalization of these two assets and their open positions, trade volume on the futures markets, as well as the total ETF volume within various investment fund types.
‘Thus, taking into account the current capitalization of Bitcoin funds at $15 billion, the inflow of funds in ETH ETFs will be 3 times less or $1 billion per month for five months after approval,’ concluded the Chief Analyst at Galaxy Digital.
Yu also stressed that approval of spot ETFs for ETH will be beneficial for the Ethereum market. It will draw financial people to this asset, make Ethereum acceptable among the regulating bodies and big banks, and offer an opportunity to invest in the second largest crypto to large managers.
It is also important to know that in the previous week the net assets of spot Bitcoin ETFs rose above $398 million.
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