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2 Comments
tldr; The launch of spot ether (ETH) exchange-traded funds (ETFs) in the U.S. is expected to significantly boost the price of ETH, potentially pushing it above $5,000, according to a report by Bitwise. The report suggests that the inflow of money into these new ETFs will have a more substantial impact on ETH than similar products had on bitcoin, due to structural differences such as ETH’s 0% short-term inflation rate and the fact that 28% of ETH is staked and not readily available on the market. Bitwise predicts $15 billion in net inflows into ether spot ETFs within the first 18 months of their launch.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wen Volkswagen?