Bitwise Chief Investment Officer: Compared with BTC, the spot Ethereum ETF will have a greater impact on ETH prices
Odaily2024/07/18 04:15
By:Odaily
Odaily News Matt Hougan, chief investment officer of Bitwise, said that the US spot
Ethereum ETF may have a rough 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 main reasons: Ethereum has many use cases, resulting in Ethereums inflation rate being 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; Bitcoin mining requires expensive computer chips and a lot of energy, which is costly, and miners are forced to
sell Bitcoin to maintain operations, while staking ETH has no significant direct costs; About a third of Ethereum (28%) is staked and locked for a period of time, which means that they have actually withdrawn from
market circulation. (Cointelegraph)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
LITUSDT now launched for pre-market futures trading
Bitget Announcement•2025/12/24 08:52
Bitget to suspend tokenized stocks/stock futures trading during Christmas 2025 and New Year's Day 2026
Bitget Announcement•2025/12/24 05:46
New spot margin trading pair — ZEC/USDT!
Bitget Announcement•2025/12/23 09:37
Bitget Incentive Program: Win Cash Rewards by Live Streaming
Bitget Announcement•2025/12/22 02:00
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$86,760.8
-0.81%
Ethereum
ETH
$2,918.17
-1.53%
Tether USDt
USDT
$0.9993
-0.01%
BNB
BNB
$835.63
-1.54%
XRP
XRP
$1.85
-1.68%
USDC
USDC
$0.9997
-0.02%
Solana
SOL
$121.42
-2.21%
TRON
TRX
$0.2833
-0.09%
Dogecoin
DOGE
$0.1274
-2.21%
Cardano
ADA
$0.3558
-2.33%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now