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