{"id":23403,"date":"2024-06-23T21:00:16","date_gmt":"2024-06-23T18:00:16","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23403"},"modified":"2024-06-23T18:34:15","modified_gmt":"2024-06-23T15:34:15","slug":"andrew-kangs-eth-price-prediction-following-ethereum-etfs","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/andrew-kangs-eth-price-prediction-following-ethereum-etfs\/","title":{"rendered":"Andrew Kang&#8217;s ETH Price Prediction Following Ethereum ETFs"},"content":{"rendered":"<p>Renowned crypto analyst Andrew Kang has recently shared his predictions for Ethereum&#8217;s price in light of the upcoming Ethereum ETFs.<\/p>\n<p>In a recent statement, Kang highlighted that while Bitcoin ETFs opened the door for numerous new investors to allocate Bitcoin in their portfolios, the impact of Ethereum ETFs might be less pronounced.<\/p>\n<p>Kang recalled his bullish stance when BlackRock filed for a Bitcoin ETF while Bitcoin was at the $25,000 level. Since then, Bitcoin has delivered a 2.6x return, while Ethereum has yielded a 2.1x return. From the cycle\u2019s bottom, both Bitcoin and Ethereum have provided a similar 4.0x return.<\/p>\n<p>However, Kang argues that unless Ethereum develops an attractive path to improve its economy, an ETH ETF might not offer substantial benefits.<\/p>\n<p>Referring to Bloomberg\u2019s Eric Balchunas, Kang suggested that <a href=\"https:\/\/coinengineer.net\/blog\/ethereum-etf-market-heats-up-with-amended-filings-and-fee-disclosures\/\">Ethereum<\/a> ETF flows could be around 10% of Bitcoin\u2019s. This would translate to real net inflows of $0.5 billion and reported net inflows of $1.5 billion within six months.<\/p>\n<p>Kang\u2019s base case scenario for ETH ETF flows is 15%. Starting from Bitcoin\u2019s real net value of $5 billion, adjusting for Ethereum\u2019s market cap, which is 33% of Bitcoin\u2019s, and a 0.5 access factor, we arrive at $0.84 billion in real net purchases and $2.52 billion in reported net value. Kang also presented an optimistic scenario with real net inflows of $1.5 billion and reported net inflows of $4.5 billion, approximately 30% of Bitcoin\u2019s flows.<\/p>\n<p>According to Kang, in either scenario, the real net purchases are significantly lower than the previous ETF, the futures ETF flows, which amount to $2.4 billion. This, Kang suggests, means that the current market might already be overpricing the Ethereum ETF.<\/p>\n<p>Nonetheless, Kang does not believe Ethereum will plummet to zero. He expects Ethereum to trade between $3,000 and $3,800 before the ETF launch and between $2,400 and $3,000 post-launch. Moreover, if Bitcoin reaches $100,000 by Q4 2025, Ethereum could hit new all-time highs, although the Ethereum\/Bitcoin ratio might be lower.<\/p>\n<div>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, feel free to share your thoughts on the topic in the comments. Besides, don\u2019t forget to follow us on\u00a0<\/em><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong><\/a>,\u00a0<em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>, and\u00a0<\/em><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"> for more analysis and updates.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned crypto analyst Andrew Kang has recently shared his predictions for Ethereum&#8217;s price in light of the upcoming Ethereum ETFs. In a recent statement, Kang highlighted that while Bitcoin ETFs opened the door for numerous new investors to allocate Bitcoin in their portfolios, the impact of Ethereum ETFs might be less pronounced. Kang recalled his<\/p>\n","protected":false},"author":1,"featured_media":22386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[6970,61,297,105],"class_list":["post-23403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-andrew-kang","tag-bitcoin","tag-etf","tag-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Andrew Kang&#039;s ETH Price Prediction Following Ethereum ETFs - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/andrew-kangs-eth-price-prediction-following-ethereum-etfs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Andrew Kang&#039;s ETH Price Prediction Following Ethereum ETFs - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Renowned crypto analyst Andrew Kang has recently shared his predictions for Ethereum&#8217;s price in light of the upcoming Ethereum ETFs. 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Kang recalled his\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/andrew-kangs-eth-price-prediction-following-ethereum-etfs\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-23T18:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-23T15:34:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/06\/ethereum-consensus-layer2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/andrew-kangs-eth-price-prediction-following-ethereum-etfs\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/andrew-kangs-eth-price-prediction-following-ethereum-etfs\/\",\"name\":\"Andrew Kang's ETH Price Prediction Following Ethereum ETFs - 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