₹1363
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inJanuaryof this year.If the ether/bitcoin ratio were to return to the median value of the past three years, it could rally almost 20% to 0.067, the report noted, adding that a return to the maximum of 0.087 would represent a 55% rally.Net inflows into spot ether ETFs below $3 billion would be a disappointment given that bitcoin versions received $15 billion of inflows in the first six months, Gemini said.
Net inflows above $5 billion, a third of the bitcoin ETF level, would be a strong showing, and anything close to 50% or $7.5 billion would be a “significant upside surprise.”This positive sentiment echoes comments from Steno Research in a report last week.
RUSH rush in India for beginners ✌️【Non-Full-Time】✌️Get started with ₹500 and unlock huge returns every month.Steno said ether could hit $6,500 later this year due to strong ETF inflows and other tailwinds.Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry.
He's now covering the crypto beat as a finance reporter at CoinDesk.
He owns more than $1,000 of SOL.RUSH rush in India for beginners Financial Growth Simplified: Invest ₹500, Earn More