According to ChainCatcher, Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, published an article on a social platform to deeply analyze the impact of Ethereum ETF. The article stated, "Although the launch of Bitcoin ETF has attracted a large number of investors, the impact of Ethereum ETF is still unclear. Data shows that Bitcoin ETF has accumulated $50 billion in assets under management, but the net inflow is only $14.5 billion. In contrast, it is estimated that the net inflow of Ethereum ETF is only 10% of Bitcoin, or $50 million.
Andrew Kang pointed out that Ethereum is not as attractive as Bitcoin as a macro asset as a technology asset, and the difference in its market positioning and holder base leads to this result. It is expected that the net purchase volume of Ethereum ETF will be much lower than that of Bitcoin ETF, and the market's expectations for Ethereum ETF may be too high.
Before the ETF launch, Andrew Kang predicted that the price of Ethereum would be between $3,000 and $3,800, and after the launch it could be between $2,400 and $3,000. Despite Ethereum's weak holder base, there is still hope for the future, especially as financial infrastructure improves.
Investors need to be cautious about market expectations for Ethereum ETFs and avoid investment risks caused by overly high expectations.”