$ETH

Ethereum spot ETF is online, and the transaction volume on the first day is only 23% of the transaction volume of Bitcoin spot ETF on the first day😓. The main reasons are as follows:

1. Spot Bitcoin ETF was approved first and received more attention

2. Before the approval of US spot ETF, the Bitcoin market size was larger than Ethereum

3. The lack of pledge makes Ethereum ETF less attractive

4. Bitcoin is more relevant as a financial asset, while Ethereum focuses more on dapp and on-chain applications

Recently, the frequent transfers of Mentougou have also reduced the investment confidence of some investors. Lao Huang believes that the impact of Mentougou is only temporary, and the impact will become smaller and smaller in the future. The market can also handle hundreds of thousands of coins. If it continues to pull back, it will be a good time to deploy in batches!