Bybit Institutional Business Director: It is expected that the inflow of funds to Ethereum ETF will reach about 30% of Bitcoin in the short term

Odaily Odaily News Regarding the potential impact of Ethereum spot ETF on ETH price, Eugene Cheung, head of institutional business at Bybit, said in a post that as ETH becomes more accessible, investors will be more active in studying the investment opportunities it brings. Although the market reaction may be relatively flat in the short term, in the long run, this is undoubtedly a strong positive factor. Compared with BTC, ETH has a wider range of application scenarios and can provide investors with diversified income opportunities. Eugene added: "Compared to Bitcoin, the market knows less about Ethereum, and as a newer asset, its capital flows are still difficult to predict. In the short term, I expect Ethereum's capital inflows to reach about 30% of Bitcoin. However, as investors become more aware of Ethereum, the regulatory environment improves, and Ethereum's rich and diverse application scenarios, I think Ethereum has the potential to outperform Bitcoin in the future, especially if ETFs can incorporate Ethereum's native yield. In addition, the macroeconomic environment may be conducive to the inflow of funds into Ethereum ETFs, and if the spot Ethereum ETF is launched under more relaxed fiscal policies, this may stimulate more investment interest." Bybit's latest survey report pointed out that institutions are more optimistic about Ethereum than retail investors. The highlights of the report are as follows: Ethereum is bullish: BlockScholes' Senti-Meter index shows that investors are more optimistic about Ethereum than Bitcoin due to the expected impact of the upcoming Ethereum ETF. 1. Ethereum futures outperform Bitcoin: Despite recent market volatility, Ethereum futures open interest has recovered faster than Bitcoin, reflecting the market's high attention to the prospects of Ethereum ETFs. 2. Active trading of Ethereum perpetual contracts: Investors make strategic arrangements in anticipation of market developments, and a large amount of long positions exist in the large trading volume of Ethereum perpetual contracts. 3. High volatility of Ethereum options: The volatility of the Ethereum options market remains high, especially in anticipation of ETF approval, in contrast to Bitcoin options.