Ethereum ETFs To Attract Over $5B In Inflows, But Returns Could Be Lower Than Expected: Citi
Ethereum ETFs To Attract Over $5B In Inflows, But Returns Could Be Lower Than Expected: Citi
Ahead of the anticipated launch of spot Ethereum (CRYPTO: ETH) ETFs in the U.S., Citi (NYSE:C) projects up to $5.4 billion in inflows within the first six months.
在美国推出现货以太坊(加密货币: ETH) ETF之前，花旗银行(NYSE:C)预计前六个月会有高达54亿元的资金流入。
What Happened: The report, released last week, indicates that these inflows would be at 30%-35% of the levels seen by spot Bitcoin ETFs, CoinDesk reported. The bank cautioned that actual inflows and returns could be lower than projected.
报告上周发布，显示这些流入将占现货比特币ETF的30%-35%，但银行提醒实际流入和回报可能低于预期。
Analysts led by Alex Saunders noted that Ethereum offers long-term diversification benefits due to its varied use-cases. However, these benefits are not currently reflected in the market.
由Alex Saunders领导的分析师指出，由于以太坊具有多种用例，所以可以提供长期多样化的收益。然而，这些收益目前还没有在市场上反映出来。
Spot ETFs are set to begin trading in the U.S. next Tuesday after gaining approval from the Securities and Exchange Commission (SEC).
证券交易委员会(SEC)批准后，现货ETF将于下周二开始在美国交易。
Citi also mentioned that investors might split their allocations between BTC and ETH, viewing them as similar assets. This could result in Ethereum receiving funds initially intended for Bitcoin ETFs.
花旗银行还提到，投资者可能会将其资金分配到比特币和以太坊之间，视它们为类似的资产。这可能导致最初专为比特币ETF的资金被用于购买以太坊。
Another factor potentially limiting inflows is the absence of staking in spot ETFs, and Bitcoin's first-mover advantage, which saw significant inflows before ETH ETF approval in May.
另一个可能限制资金流入的因素是现货ETF中缺乏权益投票(staking)机制，以及比特币在ETF获批之前就率先进入市场，获得了巨大的资金流入。
Despite these concerns, Citi highlighted that the timing of ETF launches could coincide with a more dovish Federal Reserve, potentially leading to a favorable macroeconomic environment for cryptocurrencies.
尽管存在这些担忧，但花旗银行强调，ETF推出的时间可能会与美联储更加温和的政策相一致，这可能会为加密货币带来有利的宏观经济环境。
Why It Matters: Ethereum prices have surged 11% to $3,400 over the past week. This spike is driven by market optimism and the imminent ETF launch, with trading expected to commence by July 23. All eight ETF applications are expected to start trading simultaneously.
为什么它很重要:以太坊价格在过去一周上涨了11%，达到了3400美元。这种涨势是由市场乐观情绪和即将到来的ETF推出推动的，预计交易将在7月23日开始。所有八种ETF申请都预计同时开始交易。
Despite Ethereum's imminent ETF launch, some analysts see Solana (CRYPTO: SOL) as better positioned for the future. The rivalry between the two assets could be exacerbated by a potential future Solana ETF.
尽管以太坊即将推出ETF，但一些分析师认为Solana(加密货币:SOL)的未来前景更好。两种资产之间的竞争可能会因未来潜在的Solana ETF而加剧。
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
此内容部分使用人工智能工具生成，并由Benzinga编辑审查和发布。
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