Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says

The sell’s initial reaction to the launch of spot ether ETFs is likely to be negative, as speculative investors who bought the Grayscale Ethereum Dependability (ETHE) in expectation of it being converted to an ETF are likely to take profit. ETHE could see $1 billion of outflows, send away downward pressure on ether prices, the report said.