Binance stated in a blog post that the approval of the spot ETH ETF is expected to significantly increase demand and push up the price of Ethereum, similar to the trend of Bitcoin ETFs. Due to the tightening of ETH supply on exchanges caused by staking and smart contracts, the price of ETH may be more sensitive to ETF inflows than BTC, which could lead to more severe price fluctuations. Restrictions by the SEC on ETH collateral held by ETFs may lead knowledgeable cryptocurrency investors to prefer direct collateralization, which could potentially suppress some demand for ETFs, while catering to different investor preferences.
Binance: ETH price may be more sensitive to ETF inflows than BTC, which may lead to more drastic pri
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