Steno Research forecasts net inflows of $15 billion to $20 billion in Ethereum spot ETFs for the first 12 months. The report says Ethereum is expected to reach $6,500 later this year due to strong ETF inflows and other positives. In addition, Galaxy Research estimates that the first five months of the spot Ethereum ETF will see net inflows of $5 billion, while Bitwise expects inflows of $15 billion in the first 18 months.