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.
在美國推出現貨以太坊(加密貨幣: ETH) ETF之前，花旗銀行(NYSE:C)預計前六個月會有高達54億元的資金流入。
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.
報告上週發佈，顯示這些流入將佔現貨比特幣ETF的30%-35%，但銀行提醒實際流入和回報可能低於預期。
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領導的分析師指出，由於以太坊具有多種用例，所以可以提供長期多樣化的收益。然而，這些收益目前還沒有在市場上反映出來。
Spot ETFs are set to begin trading in the U.S. next Tuesday after gaining approval from the Securities and Exchange Commission (SEC).
證券交易委員會(SEC)批准後，現貨ETF將於下週二開始在美國交易。
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.
花旗銀行還提到，投資者可能會將其資金分配到比特幣和以太坊之間，視它們爲類似的資產。這可能導致最初專爲比特幣ETF的資金被用於購買以太坊。
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.
另一個可能限制資金流入的因素是現貨ETF中缺乏權益投票(staking)機制，以及比特幣在ETF獲批之前就率先進入市場，獲得了巨大的資金流入。
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.
儘管存在這些擔憂，但花旗銀行強調，ETF推出的時間可能會與聯儲局更加溫和的政策相一致，這可能會爲加密貨幣帶來有利的宏觀經濟環境。
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.
爲什麼它很重要:以太坊價格在過去一週上漲了11%，達到了3400美元。這種漲勢是由市場樂觀情緒和即將到來的ETF推出推動的，預計交易將在7月23日開始。所有八種ETF申請都預計同時開始交易。
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.
儘管以太坊即將推出ETF，但一些分析師認爲Solana(加密貨幣:SOL)的未來前景更好。兩種資產之間的競爭可能會因未來潛在的Solana ETF而加劇。
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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