Steno Research has released a new report that highlights the cryptocurrency market’s failure to fully comprehend the impact that upcoming Ethereum (ETH) exchange-traded funds (ETFs) will have in the US. Steno Research predicts that these ETFs will draw in substantial investments, with the potential to reach a staggering $15 billion to $20 billion in their inaugural year. This influx of capital is expected to occur even if there are withdrawals from the Grayscale Ethereum Trust (ETHE). A senior analyst at Steno Research, Mads Eberhardt, is confident that these considerable net investments will drive up the value of ETH in both US dollar and Bitcoin (BTC) terms.
