Ethereum ETF Will Drive Adoption, Survey by Grayscale and The Harris Poll Indicates

A survey by Grayscale and The Harris Poll indicates that US Securities and Exchange Commission (SEC) approval of a spot Ethereum (ETH) exchange-traded funds (ETFs) would likely boost American investment in the digital asset.

A recent survey by Grayscale and The Harris Poll suggests that the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) could significantly boost American investment in the digital asset.

According to the poll, nearly one in four likely voters would consider investing in Ethereum if an ETF-based product were approved, indicating that such a move would broaden their interest in ETH and other crypto assets beyond Bitcoin.

The survey also aligns with analysts' predictions regarding the potential success of Ethereum ETFs. As noted by Quinn Thompson, founder of Leker Capital, quoting Neil Osborne, the ETH ETF is a proxy for traditional investors who lack exposure to blockchain and crypto beyond digital gold.

“By investing in Ethereum you’re getting exposure to stablecoins/payments, tokenization, DeFi, digital art/NFTs, infrastructure/staking/layer 2 scaling. All of this new technology is built on Ethereum and pays fees for its usage and activity which accrues as revenue to the ETH network and token,” Quinn added.

This perspective leads many market experts to anticipate substantial investment inflows once the ETF begins trading. Charles Yu, Vice President of Research at Galaxy Digital, estimated that ETH ETFs might attract up to $1 billion in monthly inflows during the first five months.

Similarly, Bitwise CIO Matthew Hougan predicted $15 billion in inflows within the first 18 months. However, the survey also revealed that a quarter of Grayscale respondents stated that ETF approval would not influence their investment interest.

Moreover, the poll highlighted that a considerable portion of the population is still unfamiliar with the concept of a spot Ethereum ETF, with about 43% of US voters indicating they were unaware of it.

The survey also showed that crypto has become an increasingly important topic for American voters, with a third of likely voters becoming more open to crypto since the beginning of this year.

Furthermore, 47% of likely voters believe that crypto will eventually end up in their investment portfolios.

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