According to TechFlow, according to a report by Matrixport Research, the SEC is likely to approve Ethereum spot ETFs in the next few days, with the approval expected to be early next week, and these ETFs may be launched a few days later. It is expected that the scale of Ethereum ETFs will reach about 20% of the scale of Bitcoin spot ETFs. This ratio is roughly consistent with the scale of Ethereum futures relative to Bitcoin futures, the scale of Ethereum futures-based ETFs relative to Bitcoin futures-based ETFs, and the market value ratio of Ethereum and Bitcoin.

Since January 2024, Bitcoin spot ETFs have attracted a total of $14 billion in net inflows, so it is expected that the Ethereum spot ETF may have an AUM of $2.8 billion in the first five months. However, due to the complexity of Ethereum and the fact that there is no fixed supply, many non-cryptocurrency investors may need more time to understand Ethereum, which may lead to initial hesitation among Wall Street investors. In addition, the long weekend of the July 4th public holiday in the United States may affect the capital investment on the first day of the Ethereum spot ETF.

Matrixport Research also pointed out that Bitcoin's average 30-day realized volatility over the past five years was 60%, but it is currently only 30%. Therefore, investors are advised to consider using options products to deal with market risks, especially in the summer months, when the Bitcoin market has historically been challenging. Historical data shows that Bitcoin's returns are usually lower in the third quarter, while the fourth quarter is the strongest. After a poor performance in the Bitcoin market in June this year, the market performance in July may improve. In the past 13 years, Bitcoin's average return in July has exceeded 12%.