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Once an Ethereum ETF is approved, it could make investing in Ethereum more accessible to both institutional and retail investors. This increased accessibility might drive up demand and potentially raise Ethereum’s price, he said. In the long-term, Haipo sees the impact of Ethereum ETF influencing the ethereum market and the crypto market at large. In the long-term growth and adoption of Ethereum, Haipo believes that the Spot Ethereum ETF will bring in new liquidity from the traditional financial markets.
There is also a decline in Ethereum on-chain activities according to Coinstats. Further comments highlight the observed decline in on-chain activities and the low gas fees in the single-digit gwei range raise questions about current user engagement and network utilization. Currently, asset tokenization is a top driving onchain activity bringing increased funds inflow to ethereum. Haipo believes that it’s just a matter of size.
● Security: ETFs eliminate concerns about hacking or losing private keys. Investors also enjoy certain investor protection under regulatory oversight.● Loss of Control: Investors in ETH ETFs cannot manage or utilize their Ether directly, such as participating in staking. ETH ETFs do not offer staking, resulting in missed opportunities for earning approximately 3.2% returns available to direct holders who stake their Ethers.
Furthermore, highlighting the arbitrage benefits, Hapio said that it could lead to a more concentrated market, reduced price volatility, and more rational and stable pricing. “For regular investors and retail traders, market opportunities might decrease, and arbitrage opportunities could diminish.” From the perspective of the cryptocurrency market, Bitcoin is often seen as a store of value and “digital gold,” while Ethereum is viewed as a platform for decentralized applications and smart contracts. This distinction attracts crypto investors with different investment philosophies
Amongst other cryptocurrency trends, he explored the meme tokens space, TON network, which has integrated web 2 and web 3 features together and also the recent trends of AI agents. Yang believed the approval of Ethereum ETFs in Hong Kong exerts minimal or no pressure on the United States to follow suit. One primary reason is the significantly low daily trading volume of these three Ethereum ETFs, which consistently remains below $2 million on most trading days, he said.
These legislative developments indicate a trend towards establishing a more defined and encouraging regulatory environment, which could be a crucial factor in future ETF approvals Notably, former President Trump has publicly expressed support for cryptocurrency, which has garnered widespread attention and support from various stakeholders.
This cycle’s chain launches are highly efficient, mature, and low-cost. Layer 2 and Layer 3 solutions are sprouting up rapidly, with various games, social, and even Meme App Chains complementing each other, potentially giving rise to some blockbuster projectsYang strongly agrees that the widespread adoption of cryptocurrencies is imminent. The concept of ‘going mainstream’ is crucial for crypto projects, especially in the current cycle.
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The Asia-Pacific market is heating up for Bitcoin and Ethereum ETFsTwo Bitcoin ETFs launched in Australia in June — after six Bitcoin and Ethereum ETFs launched in Hong Kong in April. We'll see soon if more enter the market.
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