Mechanism Capital’s Andrew Kang believes an Ether ETF would provide limited upside for the asset unless Ethereum “develops a compelling pathway to improve its economics.”
The forecast price could be a significant backtrack for the asset, given Ether already reached over $4,000 in March when Bitcoin tipped a new all-time high. It almost reached the same level again days before the U.S. Securities and Exchange Commission approved Ether ETFs.attracting 15% of the flows that spot Bitcoin ETFs have seen — which is in the 10-20% range estimated by Bloomberg ETF analysts Eric Balchunas and James Seyffart.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »