Ethereum
What’s going on with Bitcoin and Ethereum ETFs? — TradingView News
Cryptocurrency Market Continues to Show Resilience Bitcoin Spot ETFs saw net inflows of $11.7997 million on June 27, despite significant outflows from the Bitcoin Trust in Grayscale GBTC.
What happened:The data comes as analysts express optimism about the imminent launch of spot Ethereum ETFs in the USA.
According to data from SoSo ValueWhile GBTC saw an outflow of $11.4407 million, other ETFs more than made up for this loss.
THE Binary ETF (BITB) and Fidelity Exchange Traded Fund 
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Why is this important?:The ETF’s mixed performance comes as the crypto community turns its attention to the potential approval of Ethereum spot ETFs.
In a report released Thursday, Research on shorthand painted an optimistic picture for Ethereum forecasting net inflows of $15 billion to $20 billion in the first year of the Ethereum ETF’s spot launch, Coindesk reported.
“We continue to forecast a net inflow of between $15 billion and $20 billion in the first 12 months, even accounting for capital outflows from the Grayscale Ethereum Trust 
The report suggests that these inflows could push Ethereum’s value to at least $6,500 later this year.
Steno Research’s bullish stance on Ethereum ETFs contrasts with some other market forecasts.
Galaxy researchfor example, forecasts $5 billion in net inflows in the first five months, while the asset manager Bitwise forecasts $15 billion over 18 months.
Steno argues that due to Ethereum’s lower market capitalization and lower liquidity compared to Bitcoin, even lower inflows could have a greater impact on its price.
The report also suggests that the Ethereum/Bitcoin ratio could strengthen to 0.065 later this year, indicating potential outperformance of Ethereum against Bitcoin.
As the cryptocurrency market continues to evolve, with new investment products entering the mainstream, events like Benzinga’s Future of Digital Assets event on November 19 are becoming increasingly crucial for understanding market trends and regulatory developments.
Read next: VanEck files for Solana ETF, SOL rallies 6%
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