Why can't the passage of Ethereum ETF replicate Bitcoin?
1. The increase and expectations have been taken into account. After the passage of Bitcoin ETF, the increase of Ethereum is actually not inferior to Bitcoin. The passage of Ethereum ETF can be regarded as an expected event;
2. Don't forget the current liquidity scarcity background. From the beginning of the year to the present after the passage of Bitcoin ETF, [the growth of 20 billion stablecoins is extremely scarce compared with more than a dozen new high FDV listed projects], so the current liquidity shortage is even worse than at the beginning of the year;
3. Through ETF flow analysis, the actual net purchase amount of Bitcoin ETF is 5 billion US dollars, and the flow of Ethereum may be 10% of BTC, that is, 1 billion US dollars, and these net inflows may have little impact on the price of ETH
The positive is certain, but everyone needs to lower expectations
