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could see net inflows at just 30%-35% the levels of spot bitcoin (BTC) equivalents, with distribution skewed to the downside, Citi (C) said in a research report last week.That level gives a range of $4.7 billion to $5.4 billion of net inflows over six months, the report said.

Morever, the inflows and the beta of ether returns relative to such flows could be lower than the analysis suggests, the bank said.“One reason is that while ETH may offer diversification benefits in the long-term, given its different and more extensive set of use-cases, this is currently not the case,” analysts led by Alex Saunders wrote.Spot ether ETFs are about to become available fortradingin the U.S.

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