#黄金财经快讯# Bernstein brokerage's latest research report pointed out that once the Ethereum spot ETF is approved for trading, its demand may be similar to that of the Bitcoin ETF, but the scale is expected to be smaller. The report emphasizes that due to the lack of Ethereum staking function, the conversion volume of spot ETFs will not be too much, but it is expected that the underlying transactions will gradually attract buyers and maintain the liquidity of the ETF market. At the same time, Ethereum, as the main tokenization platform, is building a strong use case for stablecoin payments and tokenization of traditional asset funds. Bernstein called for a more complete regulatory system for Ethereum and other digital assets, and expected that the post-election market narrative in the United States will improve as the Republican Party's chances of winning increase and Trump now supports cryptocurrencies. Despite the recent correction in the cryptocurrency market, the report emphasized that "the structural adoption cycle remains intact."