Elena R
Crypto Live News
Author: Elena R
Author: Elena R
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
May 29, 2024 19:16
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Eric Balchunas, a senior ETF analyst at Bloomberg, expects the ETH ETF inflows to get only 20% of spot BTC ETFs’ inflows and trading volume. The analyst suggested an estimated initial influx of $1 billion or 2 in the first few weeks. However, he noted that even 20% of Bitcoin’s traction would signify a huge win. Balchunas also highlighted the significance of ETH’s shares across different global spot markets. In the US, ETH maintains over 15% while BTC boasts more than 80% share.
