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“ETH ETFs were slow to live up to the industry’s expectations when launched in Hong Kong.”“However, I do believe that with a larger investor base, ETH ETFs should be able to perform better and bring in the liquidity we require,” Chong added.Citiwrote earlier this monththat it expects approximately $5.4 billion in inflow within the first half-year, citing the lack of staking and Bitcoin’s first-mover advantage as to why it will underwhelm.Gemini puts the number at $5 billion, whileJPMorgan estimates“as much as $3 billion” but as high as $6 billion if staking was allowed.Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
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He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.Sam Reynolds is a senior reporter based in Taipei.
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