Steno Research predicts net inflows of $15 billion to $20 billion into spot ETH ETFs within the first year of their launch. This prediction is based on the appeal of Ethereum's qualities to Wall Street and additional market tailwinds. They foresee $ETH potentially reaching at least $6,500 later this year as these ETFs begin trading following SEC approvals.

Steno is optimistic about ETH's price performance relative to BTC, anticipating a strengthening of the ETH/BTC ratio due to the anticipated ETF inflows.

Source: Coindesk