Charles Yu, vice chairman of Galaxy Digital, stated in the company’s latest evaluation report that Ether spot ETFs can attract a higher percentage of money compared to Bitcoin. Highlighting some of the structural differences between Ether and Bitcoin, Yu stated that Ether spot ETFs can withdraw 20% to 50% of Bitcoin ETFs in the first 5 months.

Considering that Bitcoin ETFs received a net investment of $15 billion in the first 5 months, the figure corresponds to approximately $3 billion to $7.5 billion in Ether spot ETFs. This figure actually corresponds to the $15 billion that Matt Hougan, the head of Bitwise, another asset management company, recently expected in the first 18 months.

“Grayscale may create selling pressure again”

Yu also stated that Ether spot ETFs will legalize ETH in the eyes of the corporate world. Stating that Grayscale’s Ether fund expects to see a wave of sales like Bitcoin, Yu said, “The Grayscale Ether fund will stand like the sword of Damocles over ETFs.”

As it will be remembered, after Bitcoin spot ETFs opened for trading, the Grayscale fund saw sales of close to $20 billion.

Yu also expressed the structural differences between Ether and Bitcoin as ETHs locked in staking programs, much less available supply on exchanges and close to 0% carbon emissions.