Ethereum ETFs could attract $10B, driving ETH to new highs by year’s end, says analyst Tom Dunleavy, expecting ETH’s price to be highly responsive to ETF demand.
Expect ETH’s spot price to be more responsive to ETF inflows than BTC’s, says crypto investment manager Tom Dunleavy.
“We saw $15 billion in flows for Bitcoin. I think we’re probably going to see $5 to $10 billion for Ethereum,” Dunleavy said. “I expect a very positive price impact sending us to new all-time highs by early Q4.” Ethereum supply on exchanges is dwindling as more ETH is locked in staking contracts. Source: Coin Metrics
“We believe that there will be strong buy pressure with a much more clear narrative that traditional investors can understand. ETH has cashflows. It can be described as a tech stock, the app store of crypto, or an internet bond This is a much easier sell for financial advisors than ‘digital gold’,” according to the memo.
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