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inJanuaryof this year.If the ether/bitcoin ratio were to return to the median value of the past three years, it could rally almost 20% to 0.067, the report noted, adding that a return to the maximum of 0.087 would represent a 55% rally.Net inflows into spot ether ETFs below $3 billion would be a disappointment given that bitcoin versions received $15 billion of inflows in the first six months, Gemini said.

Net inflows above $5 billion, a third of the bitcoin ETF level, would be a strong showing, and anything close to 50% or $7.5 billion would be a “significant upside surprise.”This positive sentiment echoes comments from Steno Research in a report last week.

best invest in Ethereum 2024 step by step ✌️【Freelance】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.Steno said ether could hit $6,500 later this year due to strong ETF inflows and other tailwinds.Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry.

He's now covering the crypto beat as a finance reporter at CoinDesk.

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