Gemini's latest report highlights the potential impact of spot Ethereum (CRYPTO:ETH) ETFs on ETH's market dynamics, suggesting they could attract $3-$5 billion in investments within the first six months.

The introduction of these ETFs is expected to elevate Ethereum's total assets under management (AUM) to between $13 billion and $15 billion, bolstering its market position relative to Bitcoin (CRYPTO:BTC).

Despite recent delays and SEC revisions to applications, the launch of spot Ethereum ETFs remains anticipated, albeit with extended timelines.

Investors are closely monitoring developments, as the approval could lead to significant upside for ETH, potentially reversing its recent market value relative to BTC.