Gemini said in a research note on Monday that once an Ethereum spot ETF is approved for trading in the United States, net inflows could reach $5 billion in the first six months.
The report said that these inflows, combined with the current Grayscale Ethereum Trust (ETHE) asset management scale (AUM), could bring the total AUM of U.S. Ethereum spot ETFs to $13 billion to $15 billion in the first six months.
Gemini noted that Ethereum's market value relative to Bitcoin is still near multi-year lows, and capital inflows could improve Ethereum's relative position. If the ETH/BTC exchange rate returns to the median value of the past three years, ETH could rise by nearly 20%. (CoinDesk)