According to Odaily, a recent research report released by brokerage firm Bernstein suggests that the demand for Ethereum spot ETF, once approved for trading, could be similar to that of Bitcoin ETF, albeit on a smaller scale. Analysts Gautam Chhugani and Mahika Sapra emphasized in the report that due to the lack of Ethereum staking features, the conversion volume of Ethereum spot ETF is not expected to be excessive. However, they anticipate that basic trading will gradually attract buyers, thereby maintaining the healthy liquidity of the ETF market.
Bernstein believes that Ethereum and other digital assets require a more comprehensive regulatory system. They also predict that the market narrative after the US election will improve with the increasing chances of a Republican victory and President Trump's current support for cryptocurrencies. Despite recent pullbacks in the cryptocurrency market, the report emphasizes that the 'structural adoption cycle remains intact'.