Bloomberg ETF analyst James Seyffart believes that the demand for spot Ethereum ETFs may reach 20% to 25% of spot Bitcoin ETFs. Seyffart expressed his position in an interview hosted by Bitwise, and added that another Bloomberg ETF analyst, Eric Balchunas, believes that demand for the new fund will reach 15% to 20%. Seyffart compared these two estimates with the fact that ETH accounts for 30% of Bitcoin's $1.4 trillion market value, calling it somewhat underestimated. He attributed this difference to certain limitations of each product. The issuer of the Ethereum ETF will not participate in staking, which means that unlike ETH holders, ETF investors cannot earn income. In addition, Ethereum has greater on-chain utility than Bitcoin, but ETF investors will not be able to access it. Seyffart said that compared with US futures ETFs, Ethereum futures ETFs account for only 12% of assets and cannot provide a "good sample" for estimation. The asset ratio of foreign market Ethereum futures ETFs is 20% to 30% of Bitcoin futures ETFs. In the end, he predicted that spot Ethereum ETFs will have "large-scale issuance", but not as much as spot Bitcoin ETFs, but the demand exists. (CryptoSlate)