According to Odaily, IntoTheBlock, in its latest weekly newsletter, has suggested that the forthcoming Ethereum spot ETF could have a substantial impact on ETH. This is due to the potential influx of a new wave of investors. Given that the supply of ETH is highly concentrated in the hands of long-term participants, if the inflow into its ETF is comparable to that of Bitcoin, it could have a significant effect.
Ilan Solot, Joint Head of Digital Assets at Marex Solutions, has stated that pervasive pessimism could actually lead to Ethereum performing well. 'The ubiquitous pessimistic sentiment is a strong foundation for excellent performance. The same situation also occurs in the 'sell news' strategy, where many people expect Ethereum to emulate the historical performance of the Bitcoin ETF,' Solot said in an email. However, he expressed concern that comparing many inflow funds forecasts with Bitcoin ETF data might lead to over-benchmarking, such as 'ETH will attract 20% of Bitcoin ETF inflows'. The prevalence of delta-neutral trading (arbitrage trading) could confuse such comparisons and overestimate the potential price impact.