The post Ethereum ETFs Could Amass $1 Billion Monthly: Kraken Executive appeared first on Coinpedia Fintech News
In a recent Bloomberg interview, a Kraken executive noted that the market is trying to figure out ETF inflows suggesting around $750 million to $1 billion monthly. If inflows exceed expectations, the chances of Ethereum tapping all-time highs will increase, driving positive market sentiments. He added that Kraken’s mission is to accelerate crypto adoption through strategic means. Spot Ethereum ETFs could be the next rising catalyst in the market, given the price swings following development about milestones towards the approval.