QCP Capital: The traditional financial community lacks understanding of ETH, and ETH spot ETFs do not include staking and lack appeal

BlockBeats news, on July 27, QCP Capital posted on its official channel that the first week of spot ETH ETF trading looked familiar to the launch of the BTC spot ETF, with ETH retreating from a high of $3,563 to a low of $3,086. Grayscale ETHE's 2.5% fee once again drove outflows. So far, the net outflow of 8 ETFs is $178 million, of which ETHE has seen a net outflow of $1.16 billion in just 4 days.

Analysts say that unlike BTC's digital gold positioning, ETH may be a rather abstract concept for the traditional financial world, and it will take time to further absorb it. And investors have less motivation to buy spot ETH ETFs without a pledge function.