Wintermute: Ethereum spot ETF is expected to inflow $4 billion in the next year, and initial demand may be lower than expected

Market maker Wintermute believes that the Ethereum ETF could attract up to $4 billion in inflows from investors over the next year. This is lower than the $4.5 billion to $6.5 billion most analysts expected, and the latter is about 62% less than the $17 billion that the Bitcoin ETF has attracted in the past six months since it was traded in the United States. Wintermute expects that Ethereum's price could rise by as much as 24% in the next 12 months, driven by these inflows. U.S. regulators rejected the issuer's request to allow the Ethereum ETF to pledge its cryptocurrency holdings, which would have generated income and shared with investors. "This loss reduces the competitiveness of the ETH ETF compared to direct holding, because investors can still benefit from staking," Wintermute said in its report.