A new report from Steno Research reveals that the cryptocurrency market is not fully recognizing the impact of upcoming Ethereum (ETH) exchange-traded funds (ETFs) in the United States. Steno Research predicts that these ETFs will draw substantial investments, potentially reaching a staggering $15 billion to $20 billion within their initial year. This influx of capital is expected to occur even if there are potential withdrawals from the Grayscale Ethereum Trust (ETHE). Mads Eberhardt, a senior analyst at Steno Research, anticipates that these significant net inflows will boost the value of ETH in both US dollar and Bitcoin (BTC) terms.
