Ethereum ETFs May See ‘Lower-Than-Anticipated Demand’: Report

Quick Summary:

Even with far less demand than observed with Bitcoin funds, Ethereum ETFs could see a 24% price increase for ETH, says Wintermute.

First, "the absence of a staking mechanism diminishing Ethereum's appeal as an ETF vehicle.

That is lower than some analysts project, with one recently predicting that the price of ETH will hit $5,000 following the launch of Ethereum ETFs, a 50% increase.

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Article Details

Author / Journalist: Murtuza Merchant

Category: Crypto

Markets: Estonia

Topics: Coins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 18:55:14 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 21735243

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 11 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #63

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