{"id":14082,"date":"2024-06-05T11:36:23","date_gmt":"2024-06-05T08:36:23","guid":{"rendered":"https:\/\/forklog.com\/en\/k33-research-predicts-up-to-4-8-billion-inflows-into-eth-etfs-within-five-months\/"},"modified":"2024-06-05T11:36:23","modified_gmt":"2024-06-05T08:36:23","slug":"k33-research-predicts-up-to-4-8-billion-inflows-into-eth-etfs-within-five-months","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/k33-research-predicts-up-to-4-8-billion-inflows-into-eth-etfs-within-five-months\/","title":{"rendered":"K33 Research Predicts Up to $4.8 Billion Inflows into ETH ETFs Within Five Months"},"content":{"rendered":"<p>In the initial five months following the commencement of trading, net inflows into spot Ethereum-based ETFs are projected to range from $3.1 billion to $4.8 billion, according to calculations by K33 Research. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. <\/p>\n<p>A relatively quiet week, but we expect the inevitable ETH ETF launch to follow a similar (explosive) path to Bitcoin&#8217;s.<a href=\"https:\/\/t.co\/nXd89cthCb\">https:\/\/t.co\/nXd89cthCb<\/a><\/p>\n<p>\u2014 K33 Research (@K33Research) <a href=\"https:\/\/twitter.com\/K33Research\/status\/1797982904276209849?ref_src=twsrc%5Etfw\">June 4, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the current price of $3800, this implies an absorption of between 811,000 ETH and 1.26 million ETH (0.7\u20131.05% of supply). These estimates are based on comparing the market sizes of the first and second largest cryptocurrencies by market capitalization.<\/p>\n<p>According to analysts, about 3.3% of the available Ethereum supply is concentrated in investment products and has shown a steady decline since the peak of the bull market in November 2021.<\/p>\n<p>A similar situation was observed with Bitcoin, where the figure fell to 4.1% before the ETF launch but subsequently rose to 5.6%.<\/p>\n<p>Overall, the <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> of Ethereum <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> is equivalent to 28.2% of the digital gold metric or 33% if U.S. BTC ETFs are excluded from the calculations.<\/p>\n<p>American futures ETFs on Ether reduce this global share, accounting for only 5% of their counterparts in the first cryptocurrency. Experts attribute this to the mismatch in trading start times, which is not representative of investment demand.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The thesis is supported by the open interest in Ethereum on the <span data-descr=\"Chicago Mercantile Exchange\" class=\"old_tooltip\">CME<\/span>. It has currently dropped to 22.9% of the Bitcoin metric, whereas the average since their launch corresponds to 35%. This indicates significant institutional demand for Ether in the U.S.,&#8221;<\/em> the specialists emphasized.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1050.webp\" alt=\"1-1050\" class=\"wp-image-234151\"\/><figcaption class=\"wp-element-caption\">Data: K33 Research.<\/figcaption><\/figure>\n<p>Applying these weights to the total net inflow of $14 billion into spot BTC ETFs since their <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">trading debut<\/a> in January, experts concluded that their Ethereum-based counterparts could absorb between 811,000 ETH and 1.26 million ETH over the same period.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-803.webp\" alt=\"2-803\" class=\"wp-image-234152\"\/><figcaption class=\"wp-element-caption\">Data: K33 Research.<\/figcaption><\/figure>\n<p>K33 specifically noted that they &#8220;still do not bet against [BlackRock CEO Larry] Fink.&#8221; The &#8220;<a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9C%D0%B8%D0%B4%D0%B0%D1%81\">Midas touch<\/a>&#8221; of the top manager towards Ethereum creates conditions for the relative strength of this asset during the summer, analysts added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Such significant absorption of supply is likely to lead to price increases,&#8221;<\/em> the specialists concluded.<\/p>\n<\/blockquote>\n<p>From May 23 to June 2, the total exchange balance of Ethereum decreased by 797,000 ETH ($3 billion).<\/p>\n<p>Previously, Arthur Cheong, founder and CEO of DeFiance Capital, <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-price-could-reach-4500-predicts-expert\">predicted<\/a> a target of $4500 for the asset even before the launch of ETH ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the initial five months following the commencement of trading, net inflows into spot Ethereum-based ETFs are projected to range from $3.1 billion to $4.8 billion, according to calculations by K33 Research. Markets remain rangebound with low volatility, but moderate ETH ETF excitement is reflected in trader positioning. A relatively quiet week, but we expect [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,46,1167,1145],"class_list":["post-14082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-ethereum","tag-k33","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14082"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14081"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}