Analyst: It is expected that the Ethereum ETF will attract $15 billion in funds within the first 18 months

According to DLNews, currently, nine applicants are waiting for the approval of the U.S. Securities and Exchange Commission (SEC), and it is expected that Ethereum spot ETFs will be launched shortly after the Independence Day holiday. OKX Chief Business Officer Lennix Lai stated that investors would pour up to $500 million into these funds in their first week. Although the assets under management (AUM) of Ethereum ETFs may not match those of Bitcoin ETFs, their trading volume is expected to reach a similar level. Lai also pointed out that the launch of new funds will trigger another round of rises in the cryptocurrency market.

CCData analyst Jacob Joseph predicts that these ETFs will attract $3.9 billion inflows within their first 100 days of trading, while Bitwise Chief Investment Officer Matt Hougan expects them to draw $15 billion inflows within the first 18 months.

In addition, experts believe that Ethereum prices could rise due to 27% of Ether being locked up, potentially creating a supply-demand imbalance in short term and making it an attractive option for institutional asset allocation. Quinn Thompson, founder of Lekker Capital predicts Ethereum's price might soar to $7,000. However, some analysts remain cautious about market prospects believing traditional financial institutions' demand for Ethereum may not meet expectations.