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Spot ether ETFs in the U.S. could see net inflows of $5 billion in the first six months, according to crypto exchange Gemini. The flows, when combined with the current Grayscale Ethereum Trust (ETHE) assets under management give a total AUM for spot ETH ETFs in the U.S. of $13 billion-$15 billion in the first six months, the report said. Gemini noted that ether’s market value relative to bitcoin remains close to multiyear lows, and the inflows could improve ether’s relative standing. “Given the AUM comparable in international ETF markets, robust on-chain dynamics, and differentiating factors such as a thriving stablecoin environment, there is favorable risk-reward of an ETH catch-up trade in the months to come,” Gemini said.