25 years will be the time for Ethereum to show its strength. At present, the pledge of ETF spot is not allowed. ETF cannot be pledged, including Grayscale's Ethereum. This also explains why BTC ETF has always had much higher inflows than Ethereum.

Once Trump comes to power and changes the policy, it is likely that pledge will be allowed. After all, Trump's holdings now include some altcoins, and the largest holding is Ethereum. After the launch of pledge, not only can the annualized rate be increased, but there are also dividends to eat interest. The target of this area is the whales that hold a large number of Ethereum, including institutions. Of course, the subsequent evolution will not exclude listed companies.

Then the launch of pledge will have the greatest impact on the Ethereum ecosystem, and the pledge sector is still the most affected. At present, LDO and SSV are the bright altcoins in the pledge sector. I believe that the subsequent launch of the pledge function will also bring dividends from secondary altcoins!

Since the market started in March and April, Ethereum has been disliked by retail investors. But did you notice that the decline of Ethereum also caused the altcoins to be suppressed for nearly eight months, and everyone suffered from the bloodsucking and selling pressure brought by VC coins. When Ethereum returned to its high point of the year in November and broke through 4,000, most of the altcoins followed suit and had a 2-3 times increase.

So without the increase of Ethereum, the altcoins will have a hard time to stand out. Ethereum's ETF pledge function is coming soon, and Ethereum's upgrade is also coming soon, so the altcoin season that everyone is looking forward to is also coming soon! $BTC