Spot Ethereum ETFs could absorb over 1 million ETH in first 5 months: K33

Spot Ethereum ETFs in the U.S. could attract $4 billion worth of net inflows in their first five months of trading, according to K33 Research.

New spot Ethereum exchange-traded funds in the U.S. could attract between $3.1 billion and $4.8 billion in net inflows over the first five months of trading, according to analysts at K33 Research.

Globally, existing Ethereum ETPs hold 28.2% of the assets under management held by their Bitcoin counterparts, excluding the U.S. spot Bitcoin ETFs, the analysts added, and in Canada and Europe, that figure is roughly 33%. The U.S. Securities and Exchange Commission approved 19b-4 forms for eight spot Ethereum ETFs from firms like BlackRock and Fidelity on May 23. However, the issuers still need to have their S-1 registration statements go effective before trading can begin, a process that could take weeks.

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