According to TechFlow, Bernstein pointed out in its latest report that once the Ethereum (ETH) spot exchange-traded fund (ETF) is approved for trading, its demand is expected to be lower than that of the Bitcoin (BTC) ETF. The report pointed out that the lack of staking function of the Ethereum ETF has led to lower demand for spot conversion. Despite the recent correction in the crypto market, institutional adoption is still growing. Bernstein expects that as the US election approaches, especially with the increased probability of the Republican Party winning and Trump's support for cryptocurrencies, the regulatory environment for Ethereum and other digital assets will improve.
