Odaily News Bitwise Chief Investment Officer Matt Hougan said on the X platform that ETFs have positive significance for both BTC and ETH, but they have greater significance for BTC for two reasons. One is that the BTC ETF may be the first to be approved and absorb most of the potential funds, which is very important because many financial professionals do not know the difference between BTC and ETH. Second, Bitcoin’s current killer utility is as an alternative way to store wealth in addition to legal currency. ETFs can boost this utility, while Ethereum’s killer application is its functionality. ETFs will not address this. Helps.