Bitwise Chief Investment Officer: The significance of ETFs for BTC is greater than for ETH

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated on the X platform that ETFs have positive implications for both BTC and ETH, but the significance for BTC is greater for two reasons.

First, the BTC ETF may be approved first and attract most of the potential funds, which is very important because many financial professionals do not understand the difference between BTC and ETH.

Second, Bitcoin's current killer use case is as an alternative store of wealth outside of fiat currency, and ETFs can enhance that utility, while Ethereum's killer application is its functionality, which ETFs will not help with.