K33 Research Analyst: Ether ETF to Attract $4 Billion in Net Inflows in First Five Months of Launch

The upcoming U.S. Ether exchange-traded fund (ETF) may not be as popular as the Bitcoin ETF, Bloomberg reports.

Strategists at JPMorgan expect the Ether ETF to attract between $1 billion and $3 billion in net inflows over the rest of the year, which could represent just 20 percent of the Bitcoin ETF's assets. Some analysts, such as Vetle Lunde, senior research analyst at K33 Research, predict that the Ether ETF will attract $4 billion in net inflows within the first five months of its launch, and believe that this will have a huge absorbing effect on the supply of Ether, fueling price increases.