According to Odaily Planet Daily, Kaiko's research pointed out that the approval of the spot Ethereum ETF eliminates regulatory uncertainty and has a positive impact on the long-term growth of Ethereum. Although it may face resistance in the short term, the approval indicates that the SEC implicitly regards Ethereum as a commodity rather than a security.
However, Kaiko also predicted that Grayscale's ETHE fund may experience capital outflows, and the influx of new funds may have an impact on the market. At the same time, for the Ethereum ETF in Hong Kong, although it has been launched, its performance is mediocre, reflecting that there is still uncertainty in the market about the impact of ETHE redemptions.