Bitwise Chief Investment Officer: Compared with BTC, the spot Ethereum ETF will have a greater impact on ETH prices

Odaily Odaily News Bitwise Chief Investment Officer Matt Hougan said that the US spot Ethereum ETF may have a difficult start after its listing, but the impact on the price of the asset may be greater than the impact of the spot Bitcoin ETF on BTC. The spot Ethereum ETF will have a greater impact on the price of ETH for three main reasons: Ethereum has many use cases, resulting in Ethereum's inflation rate actually close to zero, because the number of new ETH generated each day is negligible relative to the amount of activity on the Ethereum network; Bitcoin mining requires expensive computer chips and a lot of energy, which is costly, and miners are forced to sell Bitcoin to maintain operations, while staking ETH has no "significant direct costs"; About a third of Ethereum (28%) is pledged and locked for a period of time, which means that they have actually withdrawn from market circulation. (Cointelegraph)