Ethereum Co-founder Joe Lubin: US SEC's approval of Ethereum ETFs may lead to a shortage in ETH supply

Ethereum co-founder and CEO of crypto infrastructure company Consensys, Joe Lubin, stated that the U.S. Securities and Exchange Commission is finally ready to approve a spot Ethereum ETF. The resulting "gate" for Ethereum demand could lead to supply tightening. Lubin said institutions that have invested in Bitcoin through the newly launched asset's ETF are likely to want to diversify into the second approved ETF. He noted that buying Ether through an ETF would create considerable natural, suppressed pressure, but compared with when a spot Bitcoin ETF was approved in January, the supply available to meet this demand will decrease.