📢Good news! James Seyffart, Bloomberg ETF analyst, predicts that demand for spot Ethereum ETFs could reach 20% to 25% of spot Bitcoin ETFs. 😮This is a view expressed in an interview with Bitwise. Eric Balchunas, another Bloomberg ETF analyst, believes that demand for new funds will reach 15% to 20%. 🔍

Seyffart compared the two estimates with the fact that ETH accounts for about 30% of Bitcoin's $1.4 trillion market value, calling it a certain underestimate. He attributed the difference to certain limitations of each product. 🤔

Ethereum ETF issuers will not participate in staking, which means that ETF investors cannot receive returns unlike ETH holders. In addition, Ethereum has greater on-chain utility than Bitcoin, but ETF investors will not be able to access it. 😞

Seyffart said that compared with futures ETFs in the United States, Ethereum futures ETFs only account for 12% of assets and cannot provide a "good sample" for estimation. The asset ratio of Ethereum futures ETFs in foreign markets is 20% to 30% of Bitcoin futures ETFs. 🌐

Finally, he predicted that the spot Ethereum ETF will have a "large-scale issuance", but not as much as the spot Bitcoin ETF. 🎉However, in any case, this is a big step forward for the blockchain industry! 🚀