Semen Budennyy
@semen90
Andrew Kang predicts a 30% drop in Ethereum's price due to the upcoming launch of spot Ethereum (ETH) ETFs. Currently at $3,410, Kang anticipates ETH falling to around $2,400 post-ETF introduction. Unlike Bitcoin, which has strong institutional interest in its ETFs, Ethereum's network cash flows have been weak, reducing incentives for ETH-to-ETF conversions. Kang suggests that Ethereum ETFs will attract only about 15% of the capital flows seen by Bitcoin ETFs, estimating approximately $840 million inflows for ETH ETFs versus $5 billion for Bitcoin ETFs. Despite differing expert opinions, uncertainties surround Ethereum's future as the launch of spot Ethereum ETFs approaches, potentially impacting investor decisions between Nvidia shares and Bitcoin.
0 reply
0 recast
0 reaction