Despite Spot Ethereum ETF Approval Expectations, Investors Prefer Bitcoin! Here’s Why!

SEC’s spotlight Bitcoin All eyes are on after the approval of ETFs Ethereum Converted to ETFs, analysts are divided on approval.

For Standard Chartered Some analysts, such as SEC analysts ETH While he believes that he will approve the ETFs in a short time and the price will increase, some analysts think that the approval of the ETH ETF may be delayed due to some ongoing lawsuits in the USA and the SEC’s failure to clearly explain whether ETH is a security or a commodity.

As you may remember Standard Chartered had claimed in a recent report that Ethereum could rise to $4,000 in the next three months, potentially outperforming Bitcoin, as the SEC may approve ETH ETFs.

Standard Chartered analysts are now joined by Blofin analyst Griffin Ardern.

According to Coindesk news Blofin analyst Griffin Ardern said that based on analysis of BTC and Ethereum futures, investors expect Ethereum to underperform Bitcoin in the coming months.

at this point ETH/BTCStating that the forward-term structure of ‘s forward-term structure is trending downwards, Ardern said that this trend yHe stated that it is an indication that investors prefer Bitcoin to Ethereum.

“ETH/BTC ratio rose 17% to 0.059 days after the SEC gave the green light to spot Bitcoin ETFs.

Ethereum’s outperformance was primarily driven by hopes that the regulator would soon approve Ether spot ETFs. Although these hopes remain alive, the ETH/BTC rate has since fallen to $0.053.

The downward sloping nature of BTC/ETH means that investors expect ETH to perform weaker than BTC as time goes by.

This shows that investors are relatively more optimistic about BTC’s performance.

“Futures traders are concerned about the SEC’s inability to decide whether ETH is a security or a commodity, which is seen as a significant obstacle to spot Ethereum ETFs.”

*This is not investment advice.