【Bitwise Chief Investment Officer: Spot Ethereum ETF will have a greater impact on ETH prices】 Golden Finance reported that Bitwise Chief Investment Officer Matt Hougan said that the US spot Ethereum ETF will have a difficult start after its listing, but the impact on the price of the asset may be greater than the impact of the spot Bitcoin ETF on BTC. The spot Ethereum ETF will have a greater impact on the price of ETH for three reasons: 1. Ethereum has many use cases, resulting in Ethereum's inflation rate actually close to zero, because the number of new ETH generated each day is negligible relative to the amount of activity on the Ethereum network; 2. Bitcoin mining requires expensive computer chips and a lot of energy, which is costly. Miners are forced to sell Bitcoin to maintain operations, while staking ETH has no "significant direct costs"; 3. About one-third of Ethereum (28%) is staked and locked for a period of time. "Currently 28% of Ethereum is staked, which means that they have actually withdrawn from market circulation."