Bitwise Chief Investment Officer: Spot Ethereum ETF Will Have a Greater Impact on ETH Price

According to Golden Finance, Bitwise's Chief Investment Officer Matt Hougan stated that the launch of a US spot Ethereum ETF will have a challenging start, but its impact on the asset price may be greater than that of a spot Bitcoin ETF on BTC. The spot Ethereum ETF will have a larger impact on ETH prices for three reasons: 1. Ethereum has numerous use cases, leading to an inflation rate close to zero as the new ETH generated daily is minimal compared to the network activity; 2. Bitcoin mining requires expensive computer chips and significant energy consumption, resulting in high costs where miners are forced to sell Bitcoin to sustain operations, while staking ETH does not incur "significant direct costs"; 3. Approximately one-third of Ethereum (28%) is staked and locked up for a period of time. "Currently, 28% of Ethereum is staked, meaning they have effectively been removed from market circulation."