ASXN: The launch of ETH ETF, its uniqueness may drive price and ecosystem prosperity.

The latest report from the digital asset research company ASXN pointed out that the Ethereum spot ETF will be launched on July 23, with many characteristics different from Bitcoin ETFs, making it easily overlooked by the market.

Grayscale's ETHE fee is 2.5%, while the initial fee rate for Mini ETH ETF is 0.25%, later reduced to 0.15%, attracting more active holders. It is expected that outflows of ETHE will be milder compared to GBTC. At the same time, Standard Chartered Bank estimates a high valuation of $2 billion and JPMorgan Chase a low valuation of $500 million; ASXN predicts monthly inflows for ETH ETF to range between $8-12 billion.

Data from Hong Kong and European ETPs show that the ratio of BTC and ETH ETPs align with their market capitalization proportions. With strong reflexivity in Ethereum, ETF inflows will boost ETH prices, drive DeFi and on-chain usage, increase ETH burning, creating a positive feedback loop that enhances attractiveness in the DeFi ecosystem.

Furthermore, factors such as fund rotation from BTC ETF to ETH ETF, TradFi investors' understanding of ETH and smart contracts, market conditions, and potential launch of staking for ETH ETF need to be considered. These factors are expected to positively impact ETH prices and drive prosperity in the Ethereum ecosystem.

ASXN's latest market research report can be found at: https://www.bitget.fit/zh-CN/news/detail/12560604110592