Following SEC's Approval of Spot Bitcoin-ETFs, Crypto-enthusiasts Watching Next Steps Regarding Ethereum-ETFs with Interest

In the weeks and months following the launch of Bitcoin-ETFs, the expected inflows of corresponding funds will be certainly in the main focus. Last week, Galaxy Research, for example, published a projection of potential inflows and concluded that “during the first year upon the ETFs’ launches, Bitcoin-ETFs will see inflows of ~$14 billion, in the second year they will grow to around $27 billion, and in the third year they will be ~$39 billion.”

Valkyrie cofounder and IT director Stephen McClurg believes that $10 billion or more will be injected into Bitcoin ETFs by the end of the year, with $2 billion to $3 billion in the first anticipated week of trading alone.

In contrast to Bitcoin, whose dynamics remain rather muted on the news (currently BTC is trading at around $43,000), Ethereum (ETH) saw a significant price hike, rising to $2,527 per unit shortly after the BTC ETFs approvals, and now standing at approximately $2,540, easily breaking resistance at the $2,400 level, ETH hinted that the market is expecting and trying to play it safe in regard to ETF registration and Ethereum-based ETFs.