The launch of Ethereum exchange-traded funds in the United States could trigger a large rally for ETH relative to BTC.
According to a new Kaiko report, Ether could outperform Bitcoin following the launch of the highly anticipated Ethereum exchange-traded funds in the United States.) Price Ratio, a metric that measures the amount of BTC required to purchase one ETH. The higher this metric climbs, the higher the price of Ether relative to Bitcoin and vice versa.Ether’s 1% market depth was also cited in the report as a potential catalyst for an upcoming ETH bull run.
This low market depth is supported by the Ethereum Exchange Reserve, a metric tracking the amount of Ether available for purchase on exchanges, which is at multi-yearand could signal an incoming supply shock driven by institutional demand to fill their Ethereum ETFs, potentially sending prices significantly higher.All eyes are on the launch of the spot Ethereum ETFs, which analysts say could happen sooner rather than later.
Ether’s status as a commodity or a security has been hotly debated in regulatory circles. In June, the SECEther ETFs on the move, Messi promotes memecoin, and more: Hodler’s Digest, July 7-13
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin sees all-time-low weekend trading levels following ETF approvals: KaikoMore bitcoin trading is shifting to the weekdays, when spot bitcoin ETF trading is open and market makers have easy access to capital, Kaiko says.
Read more »
Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of FlameApollo co-founder Thomas Fahrer believes Bitcoin could hit $500,000 by the end of the four-year market cycle.
Read more »
Bitcoin ETF issuer VanEck files for Solana ETF in the USBitcoin ETF issuer VanEck has filed for a Solana (SOL) ETF with the U.S. SEC, declaring that SOL is a commodity like Bitcoin and Ether.
Read more »
Bitcoin ETF inflows highest in a month as Bitcoin hovers near $63KBitcoin ETFs in the US see significant inflows, reaching $129.45 million, as BTC hovers near $63K. Fidelity leads the surge with 1030 BTC worth $65 million. July is historically bullish for Bitcoin.
Read more »
Pre-ETF Ether Options Trend Mirrors BTC Except for One Key DifferenceOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Read more »
VanEck files for Solana ETF, Ether supply inflates, and more: Hodler’s Digest, June 23-29VanEck seeks approval for Solana ETF, the ETH supply rises 73 days in a row, and Satoshi-era wallet moves Bitcoin.
Read more »