JP Morgan about Ether-ETF


JP Morgan experts assessed the prospects of Ether-ETF and came to rather pessimistic conclusions. According to them, the amount of Ether-ETF funds by the end of the year will be from 3 to 6 billion dollars. This is quite modest compared to the results Bitcoin showed. The dynamics of the discussion of the SEC Ether-ETF negotiation process showed that the crypto market is not particularly enthusiastic. 


JP Morgan attributes this low demand to the fact that Bitcoin was siphoning off investors' demand and took full advantage of the market growth after the SEC approval. This is largely explained by the "pioneer effect" that all other cryptocurrencies will be deprived of.


If the US SEC soon approves the possibility of Ether steaking in ETF funds, they have a chance to raise up to $6 billion by the end of the year. If there is no staking, they can only count on $3 billion. The demand for Bitcoin-ETF is still stimulated by the April halving, as a result of which the miners lost considerable revenue and Bitcoin became scarce, and their price grew steadily. Ether-ETF Growth Requires An Event That Brings Investors' Attention.


In the case of Ether-ETF, a negative scenario is also possible. If the demand is significantly lower than the estimates, there is a possibility of further price reduction. The situation is certainly unconventional and paradoxical, however, quite real.


However, I agree with experts, the most likely scenario - capitalization will be up to 3-billion.


#Ether-ETF #Bitcoin  #SEC #cryptocurrencies


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