Crypto Daily – Leading bank JPMorgan (NYSE:) has taken a pessimistic stance and predicted that demand for spot ETFs will be significantly lower than that for their ETF counterparts due to several factors.
The United States Securities and Exchange Commission had approved key regulatory filings from ETF applicants last week.
JPMorgan Expects Low Demand
According to JPMorgan’s research report, the banking giant expects spot Ethereum ETFs to attract about $3 billion in net inflows for the rest of the year. However, it stated that the figure could rise to $6 billion if staking is permitted. According to the analysis, Bitcoin had a first-mover advantage and potentially saturated overall demand.
“Bitcoin had the first mover advantage, potentially saturating the overall demand for crypto assets in response to spot ETF approvals.”
The SEC cleared key regulatory filings related to spot Ethereum ETFs last week. However, they are yet…
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