There are obvious differences between Ethereum spot ETF and Bitcoin spot ETF:
Bitcoin is not an interest-bearing asset, but Ethereum has the characteristics of POS,
staking is profitable. And because the SEC has not relaxed its attitude towards staking, the S-1 documents of these Ethereum spot ETFs do not contain content designed to obtain income from staking, which is of course for the convenience of approval.
From the perspective of investors, it is obviously more appropriate to buy ETH for staking. For compliant funds that cannot directly buy ETH spot, it is better to buy Bitcoin ETF.
Therefore, you can pay attention to the SEC's attitude towards staking. If there is a relaxation in this regard, it will be a substantial benefit that can promote capital inflows.
Therefore, how much Ethereum ETF can flow in is a problem, and if Grayscale's Ethereum Trust is converted into an ETF, outflow is inevitable (because most of its Ethereum Trusts were created during the POW period)$ETH
