Stento Research noted that some experts are skeptical about the future of ETH-ETFs and capital inflows. Despite this, analysts expect an increase in ether quotes.
“If the inflow estimate is correct, the ratio of Ether price to Bitcoin price should increase significantly. We forecast ETH to reach $6,500 by the end of the year. In the meantime, the market is dominated by a pessimistic view of ETH-ETF,” say the report’s authors.
Stento Research analysts believe that future strong ETF performance will not only create buying pressure, but will also indirectly stimulate other market participants to buy the asset. This will have a positive effect on quotes.
After the launch of ETH-ETF, other cryptocurrency exchange-traded funds may appear, experts believe. This should lead to increased interest in them from traditional investment funds.
Previously, the author of the best-selling book “Rich Dad Poor Dad,” Robert Kiyosaki, criticized traditional and cryptocurrency exchange-traded funds (ETFs), calling them unreal investments.
Source: Bits
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