HashKey analyst: Ethereum spot ETF is expected to join the staking mechanism, and the market size is expected to reach 75% of Bitcoin spot ETF.

On May 24, the Securities Exchange Commission (SEC) officially approved the 19b-4 forms of eight spot Ethereum ETFs, including BlackRock, Fidelity, and Grey Release.
Jeffery Ding, principal analyst at HashKey Group, believes that Ethereum is following the successful path of Bitcoin ETFs and has broad prospects. More attractive, Ethereum spot ETFs are expected to join the staking mechanism and become interest-bearing assets. It is expected that in the medium term, the size of the Ethereum spot ETF market is expected to reach 75% of the Bitcoin spot ETF.
In addition, Jeffery Ding believes that the 21st Century Financial Innovation and Technology Act (FIT21), if passed, will transfer the supervision of digital currencies from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). Since the CFTC is more friendly to cryptocurrencies, other cryptocurrencies may also apply to become spot ETFs in the future, leading the crypto industry to the mainstream.