Some people think that the expected positive impact of the Ethereum ETF next week will be negative. I will not comment on this kind of people. I can only say that there were people who said so at the time of the Bitcoin ETF.

After a short-term correction, it went to a higher position. We must know that the essence of price increase is not driven by news. News is just a stimulus. The real positive impact comes from the subsequent real money. A simple summary is that short-term is emotion, and long-term is development.

For short-term emotion, it is better to refer to Bitcoin. After all, Grayscale’s super high management fee makes it difficult to prevent users from redeeming. If users redeem, Grayscale will not be allowed to sell. However, I personally feel that Ethereum’s strength should be far less than that of Bitcoin.

Just look at Bitcoin. Even with super high management, GBTC still holds 280,000 coins, which means that the 600,000 coins before the opening have only been reduced by 320,000.

Although Grayscale’s ETHE handling fee is also very high, there is a Mini ETF of ETH, which accounts for 10% of the total, which will at least reduce a lot of selling pressure.

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