Ether was little changed after the U.S. Securities and Exchange Commission approved the ETH ETF on Monday. The second-largest cryptocurrency traded around $3,500, up just 0.2% from 24 hours earlier. Still, it outperformed the overall digital asset market, which was down 1.3% as measured by the CoinDesk 20 Index (CD20). Some analysts predict that the ETF’s listing could boost Ether’s price to $6,500, although inflows are not expected to be as high as the Bitcoin ETF. Steno Research predicts that the ETF could attract $15 billion to $20 billion in inflows in its first year, the same amount that the Bitcoin ETF garnered in just seven months.
