Binance said in its official blog that the approval of the spot Ethereum ETF is expected to significantly increase demand and push up the price of ETH, which is very similar to the trend of the Bitcoin ETF. Due to the tightening of ETH supply on exchanges due to staking and smart contracts, ETH prices may be more sensitive to ETF inflows than BTC, which may lead to more drastic price fluctuations. The U.S. SEC's restrictions on ETH staking held by ETFs may cause cryptocurrency-savvy investors to favor direct staking, which may suppress some demand for ETFs while catering to different investor audiences.