K33 Research: Ethereum ETF is expected to attract $4 billion in inflows

Crypto analysis firm K33 Research said in a report that a spot Ethereum ETF that can directly hold Ether (ETH) is about to be listed in the United States and may attract $4 billion in inflows in the first five months. K33 estimates that the inflow of ETHETF in the first five months is between $3 billion and $4.8 billion. This estimate is slightly higher than JPMorgan's forecast of $3 billion this year. The report said that at current prices, this is equivalent to 800,000 to 1.26 million ETH accumulated in the ETF, accounting for about 0.7%-1.05% of the total token supply, resulting in a supply tightening of ETH assets and ETH prices may suffer a supply "shock". K33 analysts predict that with the launch of the Ethereum ETF, the price of ETH is expected to start outperforming BTC after the ETH/BTC pair has experienced a downward trend for nearly two and a half years. "This huge supply absorption shock should drive ETH's price appreciation," said Vetle Lunde, senior analyst at K33 Research.