Citi discusses Ethereum ETF: Buy the rumor, sell the fact?

price shot higher over the last 48 hours, driven by favorable regulatory developments that boost the chances of an ether exchange-traded fund being approved soon.

Net flows into Bitcoin ETFs have been a major driver of returns since their launch in January, explaining much of the cryptocurrency's performance. This trend is likely to continue with the introduction of ETH ETFs, indicating that overall crypto ETF flows will remain important for returns. Several factors could impact these estimates, including differing demand for ETH compared to BTC, rotation from BTC to ETH among existing ETF holders, outflows from existing ETH funds upon conversion, and rapid positioning build-up ahead of SEC approval.

Source: Digital Coin News (digitalcoinnews.net)

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