❗ Joe Lubin, co-founder of Ethereum and CEO of ConsenSys, made a statement about the ETF in an interview.
🟢 He explained that institutions investing in Bitcoin through the newly launched ETFs are likely to diversify their assets into Ethereum once spot Ethereum ETFs are approved.
🟢 The situation with Ethereum is different: more than 27% of the total supply of Ethereum is currently staked on the Ethereum network, generating yield for holders and, therefore, not circulating directly.
🟢 Lubin emphasized the broader significance of this event, calling it a “deep inflection point” for Ethereum and the cryptocurrency industry as a whole.