The market’s initial reaction to the launch of spot ether ETFs is likely to be negative, as speculative investors who bought the Grayscale Ethereum Trust (ETHE) in expectation of it being converted to an ETF are likely to take profit. ETHE could see $1 billion of outflows, putting downward pressure on ether prices, the report said.
Ether (ETH) Spot ETFs to See Much Lower Demand Than Bitcoin (BTC) Equivalents, JPMorgan (JPM) Says
