Analyst: Spot Ethereum ETF demand may reach 20% to 25% of spot Bitcoin ETF

On May 25, Bloomberg ETF analyst James Seyffart said in an interview with Bitwise that the market demand for spot Ethereum ETFs may be between 20% and 25% of spot Bitcoin ETFs. This estimate is higher than the 15% to 20% forecast of another Bloomberg analyst Eric Balchunas.

Seyffart pointed out that although Ethereum's market value accounts for about 30% of Bitcoin's market value, Ethereum ETFs may face some limitations, such as not participating in staking, investors cannot obtain returns, and cannot access Ethereum's on-chain utility. He also mentioned that the asset ratio of Ethereum futures ETFs is much lower than that of Bitcoin futures ETFs, so it is difficult to use as a basis for accurate predictions.

Nevertheless, Seyffart predicts that the spot Ethereum ETF will be issued on a large scale, but the scale will still be smaller than the spot Bitcoin ETF. $ETH